Strategic Partnership Between Petrol Ofisi Group and Ascendum in Lubricant Supply

As the longstanding leader of the Turkish lubricants market, Petrol Ofisi Group has entered a strategic partnership with Ascendum, the Turkish distributor of Volvo construction equipment. Under this three-year agreement, specially formulated lubricants for Volvo construction equipment will be produced at Petrol Ofisi Group’s Derince plant using Texaco technology.

Petrol Ofisi Group Lubricants Director Sezgin Gürsu stated: “Thanks to our ability to develop solutions tailored to our customers’ needs and our technology-driven, innovative production infrastructure, we continue to expand our strong partnerships. As part of our agreement with Ascendum, we are beginning the production of Volvo-branded lubricants at our Derince facility. These specially formulated lubricants, designed to enhance both performance and efficiency for Volvo construction equipment, will be produced using Texaco technology. We are pleased to bring Texaco’s superior technology to Ascendum and Volvo customers through our extensive distribution network.”

Ascendum Makina After-Sales Services Director Mustafa Mümtaz Civan shared his thoughts: “We are delighted to sign this strategic agreement, which marks a significant milestone for our industry. Original Volvo lubricants, engineered to optimize the performance of construction equipment under demanding conditions, will now be produced with Texaco’s superior technology and commitment to quality. I extend my gratitude to all team members who contributed to this valuable collaboration and hope this partnership paves the way for continued success for both parties.”

Spanning 162,000 square meters, Petrol Ofisi Group’s Derince lubricant plant supplies half of Türkiye’s lubricant demand and exports to 33 countries across four continents. With POTEM—one of the region’s most advanced R&D centers—the company generates an annual foreign exchange inflow of approximately USD 50 million.

In 2021, Petrol Ofisi Group began producing Texaco-branded lubricants in Türkiye through an agreement with Chevron, developing tailored solutions to meet customer needs and expanding its collaborative efforts.