Joint Venture9 Oct 2025, 05:21 pm
GP Petroleums Ltd Enters Manufacturing and Marketing Agreement with Modern International FZE
AI Summary
GP Petroleums Limited has entered into a Manufacturing and Marketing Agreement with Modern International FZE, a UAE-based company specializing in lubricants manufacturing. The agreement, effective from October 01, 2025, allows Modern to manufacture/blend, supply, and market products under the brand name 'IPOL' in the UAE markets. This strategic collaboration aims to expand GP Petroleums' international footprint and enhance brand visibility in the UAE region.
Key Highlights
- GP Petroleums Ltd has entered into a Manufacturing and Marketing Agreement with Modern International FZE
- Modern International FZE will manufacture/blend, supply, and market products under the brand name 'IPOL' in the UAE markets
- The agreement is effective from October 01, 2025
- This strategic collaboration aims to expand GP Petroleums' international footprint and enhance brand visibility in the UAE region
- Modern International FZE is capable of producing high-quality lubricants with a production capacity of 40,000 metric tons per year