TotalEnergies partners with Terpel Panama for engine oil distribution

TotalEnergies Marketing USA, Inc. and Terpel Panama have announced a strategic partnership to distribute TotalEnergies’ high-performance engine oil products across Panama. This collaboration marks a significant step for both companies, leveraging Terpel’s extensive service station network to bring TotalEnergies’ innovative lubricants to a broader audience.

TotalEnergies’ comprehensive range of motor oils for light vehicles will now be available at Terpel Panama’s 192 service stations, 130 fleet stations, and more than 60 convenience stores nationwide. The partnership aims to strengthen TotalEnergies’ omnichannel presence and cater to the growing demand for high-quality lubricants.

TotalEnergies has operated in Panama for more than a decade and is recognised as a leading supplier of marine lubricants, LNG, and power generation products.

Franck Bagouet, CEO and president of TotalEnergies Marketing USA, stated, “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.” 

Francisco Ovalle, head of Central America and Belize at TotalEnergies Marketing USA, Inc. added, “With more than 10 years in Panama and across Central America, number one marine lubricant, power generation and LNG supplier in the country, this partnership will expand the availability of our products in the retail market.”

Gustavo Rodriguez, CEO of Terpel Panama, highlighted the synergy between the two companies. “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.”

Terpel Panama, a subsidiary of COPEC S.A., brings more than 50 years of experience in the Latin American fuel market. Its robust network and customer-centric approach position it as a valuable partner in delivering premium automotive solutions.