BEIRUT: Total Liban and IPT announced Thursday their strategic partnership that resulted in the establishment of a new company Fuel Logistics Co. SAL which specializes in the provision of logistics services and the supply of petroleum products. This partnership, which was announced during a ceremony at Villa Linda Sursock, Ashrafieh, aims at enhancing the quality and service of the local fuel supply market and will play a significant contribution to the Oil and Gas sector.

The ceremony, under the auspices of Energy and Water Minister Nada Boustani, was attended by the general managers of both companies as well as senior officials.

Total Liban is committed to providing the highest service quality to its customers. This partnership will further strengthen our service delivery to our customers through an enhanced supply chain network, said Daniel Alvarez, managing director of Total Liban. He added that Total Liban and IPT joined forces to establish the Fuel Logistics Co. SAL whose shares are equally held by both companies.

This new synergy will reflect positively on the economy and the oil and gas sector in particular as it aims at enhancing the quality of imported petroleum products as well as HSEQ standards in oil storage terminals and logistics key components of the petroleum supply chain, Alvarez said.

For his part, Jean Papee, Totals vice president of the Middle East and East Asia, marketing and services Asia-Pacific Middle East, hailed the new partnership between the two companies.

Total has been present in Lebanon for close to 70 years. Our partnership with IPT today demonstrates once again our strong commitment to Lebanon and to its growth Papee said.

This strategic partnership between Total Liban and IPT is the result of many years of collaboration, Toni Issa, vice chairman of IPT Group said.

IPT has achieved remarkable growth in the Lebanese market over the past few years and is proud to collaborate with a leading international energy major like Total to further expand and grow our business together, Issa said.

He also added that the similarities in strategy and responsible business practices between Total Liban and IPT were a key contributing factor to the formation of the Fuel Logistics Co. SAL.

The statement said that Total Liban has a network of more than 190 service stations and a varied portfolio of professional clients. Total Liban controls all its supply and distribution chain under its quality, safety and environment strategy and is ISO 9001 and ISO 14001 certified.

IPT on the other hand, has been in the oil and gas business for more than 30 years.

The statement said that IPT has succeeded to achieve an advanced market position in Lebanon with a network of more than 180 gas stations across the country.

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