Gazpromneft reveals expansion plans for Colombia

Petrolubs, the local representative of Russia’s Gazpromneft in Colombia, announced plans to launch four new distribution centres in the country next year. Jaime Lafaurie, Petrolubs president, said the new distribution centres will be located in Bucaramanga, Buenaventura, Medellin and Cali. The cost of this expansion is approximately USD1 million, he said. Currently, Petrolubs’ distribution centres are located in Bogota, Cartagena, Santa Marta and Barranquilla. Petrolubs also is in the process of opening a new laboratory in Barranquilla, where it is headquartered. Investment in the laboratory is around USD300,000. The plan is to build a laboratory near each distribution centre. Petrolubs, which expects to sell about 4,000 tonnes of lubricants this year, aims to boost sales to 25,000 tonnes by 2020. Its goal is to boost its market share to 7%. Gazpromneft also has plans to build a lubricant blending plant in Colombia, to facilitate its market expansion in the region.}

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