JV aims to grow Total lubricants offering
A 50/50 JOINT VENTURE HAS BEEN FORMED by international oil and energy company Total and the longtime New Zealand importer and distributor of its lubricants, Oil Intel.
The JV, between Oil Intel and Total Marketing & Services, cements their strong 20-year partnership, they say – and is intended to expand Total’s lubricants offering here.
It also “signals strong confidence in the NZ market and represents a strategic drive to be close to our customers in industries such as mining, industrial, food production, agriculture, automotive, construction and transport.”
Oil Intel managing director and co-shareholder Reuben Thickpenny says: “Achieving growth by being the best at what we do has always been my key focus. It is what the business was built around.”
And, he adds: “We always felt well-supported in this vision by Total.”
The companies say that both parties “are further united by a shared mission of conducting business responsibly: Over the years, we have taken industry-leading steps towards responsible trading, taking into consideration environmental impact.”
One example, they say, is the Lubricant Container Stewardship Programme, “whereby NZ oil companies collectively work towards a sustainable process of recycling lubricant containers. Oil Intel is one of the leading parties in pushing this project to successful completion.
“This is in line with Total’s ambition to be the responsible energy major, supported by initiatives such as programmes on used oils recycling partnerships or biodegradable lubricant ranges.”
Total Marketing & Services VP specialties and BtoB for the Asia Pacific and Middle Eastern region, Christine Richard, says the company is looking forward to the opportunities the JV brings.
“I am proud of our collective achievements over the last two decades. Our customers have come to rely on the consistency of quality services and we are fully committed to deliver innovative and responsible solutions to the NZ market.”
Hastings-based Oil Intel, founded in 1999, serves 12 NZ industry segments with over 50 product categories.
Oil Intel MD Reuben Thickpenny