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Repsol purchases the 40% of United Oil Company

2019-09-30

Repsol has formed a Joint Venture with United Global Limited after buying a 40% stake in its Singapore-based lubricants manufacturer and distributor Oil Company. This will expand Repsol’s presence in Asia Pacific

The Joint Venture will manufacture and supply Repsol’s brand of products in Singapore, Indonesia, Malaysia and Vietnam. Likewise, this Joint Venture will upgrade the manufacturing plant in Indonesia and combine Repsol’s strong brand and product range with United Oil Company’s local knowledge and distribution network.

Repsol’s Lubricants unit aims to double its sales volume to 300,000 metric tons, with 70% from outside Spain. Repsol now has manufacturing and distribution hubs in Spain, Mexico and Indonesia. Now Repsol produces and distributes these products in Spain, Mexico and Indonesia, and sells them in more than 90 countries.