BPCL To Roll Out Mak In Lanka

New Delhi: Bharat Petroleum Corporation (BPCL) intends to roll out its Mak brand of lubricants in Sri Lanka. BPCL controls around 12 per cent of India''s lubricants market. The Sri Lankan government had in January announced it had licensed six firms to market lubricants locally, as part of its efforts to open its market. BPCL is one of the companies, along with Gulf Oil International of the UK, French companies Motul and Total SA, and Sinopec of China. BPCL is expected to export its lubricants to Sri Lanka from its plant at Taloja near Mumbai. This will be the company''s first overseas foray in the fuel and lubricants retailing business. Indian Oil Corporation (IOC), the largest company in India in terms of sales, is already present in Sri Lanka through its subsidiary Lanka IOC. Lanka IOC not only retails petroleum products but is also building a lubricant blending plant there that is expected to go onstream by July this year.