Durrant Pate/Contributor
West Indies Petroleum Limited (WIPL) has inked a deal with Texas-based BP/Castrol to market its Castrol‘s marine lubricants in Jamaica.
The marketing of Castrol’s marine lubricants will be done by West Indies Petroleum through its subsidiary, Island Lubes Distributors, which has been selected by to market BP/Castrol, based in Houston to market its lubricants in the marine and power generation sectors in Jamaica for the next three years.
The announcement was made on August 8 by West Indies Petroleum, which is based in Jamaica and commenced operations in 2013 as a special purpose vehicle to enter the ship bunkering business in the Caribbean and Latin American region.
The two companies recently signed the deal at the BP/Castrol office in Houston. According to the statement, “WIPL and Island Lubes welcome the agreement and are excited about our relationship with Castrol, as we continue to play a leading role in the distribution of products which are key to the good functioning of critical sectors in the region.”
The statement went on to say, “WIPL views the agreement between Island Lubes and Castrol as an important strategic move which complements our core business of ship bunkering. The agreement will position our customers towards continuing to access outstanding service along with superior Castrol products.”
WIPL boasts the largest fuel bunker capabilities in Jamaica and is positioned centrally between the three major shipping lanes from the Caribbean region entering to and from South America, the Gulf Coast, stretching along the US east coast as far as Europe and Asia.
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