Chevron Brands International LLC and Tethys Ltd have signed a Branded Business Development Agreement to enable the local production, distribution, and marketing of Texaco®-branded lubricants in Nigeria.
In a statement, the firms stated the collaboration would give Nigerian motorists access to a wide range of locally blended Texaco-branded premium performance automotive and industrial lubricants under the Texaco, Havoline and Delo brands.The products include engine oils, transmission fluids, gear oils, greases, and hydraulic fluids.
General Manager of Chevron Europe Finished Lubricants, Pat McCloud, said, “Tethys is an experienced marketer in Nigeria, and we are proud to be entering into this relationship with them to introduce our exceptional range of lubricant products.
“Texaco’s journey in Nigeria began decades ago. As we commence this strategic relationship with Tethys, consumers in Nigeria can look forward to the supply of quality Texaco-branded lubricants. Together, we are committed to growing and adapting to meet the changing needs and aspirations of consumers in Nigeria.”
The Managing Director of Tethys Ltd, Habib Bello, noted that being the exclusive brand licensee for Texaco-branded lubricants in Nigeria underscored the firm’s dedication to delivering premium lubricant solutions that enhance the performance and longevity of vehicles and equipment in Nigeria.
“Tethys is committed to bringing Texaco-branded lubricants to customers nationwide through an expansive distribution network. It’s a win-win for both our customers and the country, as we eagerly anticipate making Texaco-branded lubricants a household name in Nigeria once again,” he said.
The National Bureau of Statistics disclosed that Nigeria spent N71.6bn to import lubricants in the first quarter of 2021.