TotalEnergies is bringing its vary of lubricants and different oil merchandise to Panama.
TotalEnergies Advertising USA, Inc.’s Central America division and Terpel Panama have signed a strategic partnership for the commercialization of TotalEnergies’ lubricants product portfolio.
The collaboration will make TotalEnergies’ merchandise out there at Terpel’s community of 192 service stations throughout the nation, together with your complete big selection of motor oils for gentle autos, TotalEnergies stated in a information launch.
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Terpel Panama, a subsidiary of Petrolera Nacional, S. A. and Compañía de Petróleos de Chile (COPEC S.A.), has 192 service stations, 130 fleet stations, 75 full-service stations, and greater than 60 comfort shops all through the nation the place TotalEnergies lubricants will likely be supplied, in response to the discharge.
“Via this alliance, we increase the supply of our merchandise within the service station community within the nation. The sort of settlement is vital to proceed providing the top client the big selection of TotalEnergies lubricants for every type of autos, strengthening our omnichannel presence,” Franck Bagouet, CEO and President of TotalEnergies Advertising USA, stated.
“As Terpel Panama, we have now an in depth community of service stations all through the nation. We all know our prospects and we all know that they place vital significance on the standard of our fuels, so this settlement with TotalEnergies will enable us to additionally supply them the very best quality lubricants available on the market. We’re sure [that] with this vital partnership we will develop strongly within the coming years,” Terpel Panama CEO Gustavo Rodriguez stated.
Francisco Ovalle, Head of Central America and Belize at TotalEnergies Advertising USA, stated, “With greater than 10 years in Panama and throughout Central America, [the] primary marine lubricant, energy technology and LNG provider within the nation, this partnership will increase the supply of our merchandise within the retail market. The sort of settlement is vital for us to proceed providing the ultimate client the vary of TotalEnergies lubricants for every type of sunshine and heavy-duty autos. Our partnership is a testomony of our dedication to increasing our international footprint. Panama’s markets maintain immense potential, and with Terpel Panama’s native experience, we’re poised to supply distinctive lubrication options to a wider buyer base”.
Oman Renewable Power Initiatives
In the meantime, TotalEnergies SE signed agreements to develop 300 megawatts (MW) of renewable vitality initiatives in Oman, along with its companion OQ Different Power (OQAE).
The electrical energy will likely be delivered by way of long-term energy buy agreements (PPA) to Petroleum Improvement Oman (PDO), the nation’s exploration and manufacturing firm, TotalEnergies stated in a separate assertion. The French vitality big holds a 49 % curiosity within the partnership, whereas OQAE holds 51 %.
The three renewable initiatives are North Photo voltaic, a 100-MW photo voltaic venture positioned in Saih Nihaydah in northern Oman; and Riyah-1 and Riyah-2, two 100-MW wind initiatives, positioned within the Amin and West Nimr fields in southern Oman.
Building will begin in early 2025, with electrical energy manufacturing anticipated in late 2026. The photo voltaic and wind initiatives will generate over 1.4 terawatt-hours of renewable electrical energy yearly, in response to the assertion.
“We’re delighted to signal these agreements, which additional reinforce our steadfast dedication to attaining Web Zero emissions by 2050 in keeping with the goals of Oman Imaginative and prescient 2040, primarily the diversification of vitality sources to make sure sustainable vitality safety,” PDO Managing Director Aflah Al Hadhrami stated. “PDO’s journey in direction of sustainability was firmly established with earlier groundbreaking initiatives, together with the Amin Photo voltaic IPP Energy Plant and the Rima Water Remedy Venture. These initiatives, alongside those signed right this moment, proceed to reshape Oman’s vitality panorama by mixing technological innovation with environmental stewardship. Additionally they help our goal of sourcing 30% of our energy capability from renewables by 2026, reflecting our dedication to a cleaner, sustainable future”.
“In partnership with PDO and TotalEnergies, OQAE is proud to advance Oman’s transition towards sustainable vitality,” OQAE Chief Government Najla Zuhair Al Jamali stated. “As an vitality transition enabler, we’re delighted to guide the event of those initiatives supporting PDO to realize their decarbonization plans. This vital milestone underscores the experience and dedication of all stakeholders concerned. Because the Nationwide Champion for Clear Power in Oman, OQAE is dedicated to supporting the nation’s financial progress by creating progressive clear vitality and low-carbon initiatives. With a give attention to environmental stewardship and long-term prosperity, OQAE ensures the supply of sustainable options to fulfill Oman’s evolving industrial vitality wants”.
To contact the writer, e-mail rocky.teodoro@rigzone.com
