TotalEnergies and Terpel Panama Partner to Expand Lubricant Distribution

TotalEnergies and Terpel Panama Announce Strategic Alliance

TotalEnergies Marketing USA, Inc., and Terpel Panama have signed a significant strategic alliance to distribute TotalEnergies’ innovative lubricant products across Panama. This collaboration will make TotalEnergies’ high-performance motor oils and other lubricants available at Terpel’s extensive network of 192 service stations nationwide. The agreement significantly expands TotalEnergies’ reach into the Panamanian market, strengthening its presence in Central America.

Expanding TotalEnergies’ Market Reach in Panama

This strategic partnership marks a key step for TotalEnergies in expanding its retail presence in Panama. The agreement leverages Terpel Panama’s established infrastructure, including 192 service stations, 130 fleet stations, 75 full-service stations, and over 60 convenience stores, to reach a wider customer base. This move is part of TotalEnergies’ broader strategy to offer its comprehensive range of lubricants for all vehicle types, strengthening its omnichannel approach and securing market share.

Terpel Panama: A Strong Partner for Growth

Terpel Panama, a subsidiary of Petrolera Nacional, S.A. and COPEC S.A., recognizes the value proposition of offering high-quality lubricants to complement its existing fuel offerings. The company’s understanding of the Panamanian consumer and commitment to superior products aligns seamlessly with TotalEnergies’ commitment to innovation and quality. This strategic alliance promises substantial growth opportunities for both companies in the coming years, especially with the increased demand for high-performance lubricants in light and heavy-duty vehicles.

TotalEnergies’ Commitment to the Panamanian Market

TotalEnergies, a global multi-energy company, brings over a decade of experience in Panama’s marine lubricant, power generation, and LNG sectors to this collaboration. This alliance represents a significant expansion into the retail market, providing access to its full range of products. The collaboration with Terpel Panama is a testament to TotalEnergies’ commitment to market expansion, highlighting Panama’s potential and leveraging local expertise to offer exceptional lubrication solutions.

About TotalEnergies and Terpel Panama

TotalEnergies is a leading multi-energy company, producing and marketing energy products worldwide, including oil and biofuels, natural gas, renewables, and electricity. With a focus on sustainable development, TotalEnergies operates in over 130 countries. Terpel Panama, with a long history in the Latin American fuel market, offers a wide range of products and services to meet the needs of individual and corporate customers throughout Panama. The company is committed to sustainable practices and community engagement.

Strategic Alliance Fuels Growth and Innovation

In summary, this strategic partnership between TotalEnergies and Terpel Panama represents a major development in Panama’s energy sector. The alliance will enhance the availability of high-quality lubricants to consumers, foster innovation within the market, and generate growth for both companies. The combined strengths and market understanding of these two leading players position them for long-term success in Panama’s dynamic energy landscape. This strategic move underscores the growing importance of high-performance lubricants and the expanding role of strategic alliances in the global energy market.

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