Hastings, 5 June 2020 – Oil Intel announces a 50/50 joint venture with Total Marketing & Services, cementing a strong partnership of 20 years since its appointment as authorised lubricants distributor for New Zealand.
The joint venture signals strong confidence in the New Zealand market and represents a strategic drive for proximity to be close to our customers in industries such as mining, industrial, food production, agriculture, automotive, construction and transport. ”Achieving growth by being the best at what we do has always been my key focus, it is what the business was built around,” says Reuben Thickpenny, Managing Director and co-shareholder of Oil Intel, “We always felt well-supported in this vision by Total”.
Both parties are further united by a shared mission of conducting business responsibly: “Over the years, we have taken industry-leading steps towards responsible trading, taking into consideration environmental impact.” An example is the Lubricant Container Stewardship Programme, whereby NZ oil companies collectively work towards a sustainable process of recycling lubricant containers. Oil Intel is one of the leading parties in pushing this project to successful completion. This is in line with Total’s ambition to be the responsible energy major, supported by initiatives such as programs on used oils recycling partnerships or biodegradable lubricant ranges.
“We look forward to the opportunities this Joint Venture partnership brings”, says Christine Richard, Vice President, Specialties & BtoB for the Asia Pacific and Middle Eastern region, Total Marketing & Services. “I am proud of our collective achievements over the last two decades. Our customers have come to rely on the consistency of quality services and we are fully committed to deliver innovative and responsible solutions to the New Zealand market.” Christine adds.
