TotalEnergies’ motor oils for light vehicles will be widely available in Panama via Terpel’s extensive service station network. Credit: Victor Velter/Shutterstock.

TotalEnergies Marketing USA Central America division has entered a strategic partnership with Terpel Panama, a subsidiary of Petrolera Nacional and Compañía de Petróleos de Chile (COPEC), to commercialise its lubricants product portfolio in Panama.

This agreement will make TotalEnergies’ motor oils for light vehicles widely accessible across Panama, leveraging Terpel’s network of service stations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

TotalEnergies Marketing USA CEO and president Franck Bagouet said: “Through this alliance, we expand the availability of our products in the service station network in the country. This type of agreement is key to continue offering the end consumer the wide range of TotalEnergies lubricants for all types of vehicles, strengthening our omnichannel presence.”

TotalEnergies’ lubricant products will now be available across Terpel Panama’s extensive network within the country, including 192 service stations, 130 fleet stations, 75 full-service stations and more than 60 convenience stores.

Terpel Panama CEO Gustavo Rodriguez said: “As Terpel Panama, we have an extensive network of service stations throughout the country. We know our customers and we know that they place significant importance on the quality of our fuels, so this agreement with TotalEnergies will allow us to also offer them the best quality lubricants on the market.”

TotalEnergies Marketing USA head of Central America and Belize Francisco Ovalle said: “With more than ten years in Panama and across Central America, number one marine lubricant, power generation and LNG [liquefied natural gas] supplier in the country, this partnership will expand the availability of our products in the retail market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This type of agreement is key for us to continue offering the final consumer the range of TotalEnergies lubricants for all types of light and heavy-duty vehicles. Our partnership is a testament of our dedication to expanding our global footprint. Panama’s markets hold immense potential, and with Terpel Panama’s local expertise, we are poised to provide exceptional lubrication solutions to a wider customer base.”

Earlier this month, TotalEnergies broadened its gas portfolio by acquiring complete ownership of SapuraOMV Upstream, an independent gas producer in Malaysia.