Tuesday, 24 May, 2022

Chevron signs deal with Rock Energy to mkt lube products in Bangladesh

  • Staff Correspondent
  • 19 January, 2022 12:00 AM
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Chevron signs deal with Rock Energy to mkt lube products in Bangladesh
Chevron Bangladesh Director (Corporate Affairs) Imrul Kabir and Rock Energy Managing Director Tanzeem Chowdhury exchange documents after signing an agreement in the capital recently.

Chevron Lubricants Lanka PLC, a sister concern of Chevron Corporation, recently signed an agreement with Rock Energy for marketing its lubricant products in Bangladesh.

Under the deal, Rock Energy was appointed as its sole marketer in the country, said a press release.

This agreement entrusts Rock Energy with the marketing of Caltex branded lubricants in Bangladesh, including Chevron’s proprietary Havoline and Delo-branded lubricant products.

Caltex lubricants have been available in Bangladesh since 2006 and the brand enjoys high levels of acceptance and recognition in the automotive and industrial segments of the market.

Consumers in Bangladesh can look forward to sustained supplies and greater availability of Caltex branded lubricants countrywide with this development. 

Commenting on the venture, Najam Shamsuddin, Managing Director & CEO of Chevron Lubricants Lanka PLC stated, “We are extremely pleased to be in collaboration with Rock Energy for the distribution of Caltex branded lubricants in Bangladesh. We expect this to be the first of many synergistic partnerships with the Group in Bangladesh, with whom we look forward to a long and successful relationship.”

Rock Energy is a subsidiary of one of Bangladesh's fastest-growing business conglomerates, with over thirty years of experience in diversified business operations, including their flagship business in the oil and gas sector.

Chevron Lubricants Lanka PLC, a part of Chevron Corporation, engages in blending, manufacturing, importing, distributing, and marketing lubricants oils, greases, brake fluids, and specialty products in Sri Lanka.  The company offers its products for industrial, commercial, and consumer applications.

Chevron Lubricants Lanka PLC markets global lubricant brands such as Caltex, Havoline and Delo. Sales of lubricants into Bangladesh come under the purview of Chevron Lubricants Lanka PLC as an export market.