Shell Gas B. V. and Mangalore Refinery and Petrochemicals Limited (MRPL) today announced their intention to enter into an exclusive joint venture agreement to market and supply aviation fuels initially at two Indian airports, Bangalore and Hyderabad and later to other Indian airports. The companies will provide complementary services and strengths to the joint venture; MRPL brings its expertise and high quality products, and Shell Aviation brings its global brand, network and customer base in addition to stringent quality control procedures. Together the companies will offer a compelling global refuelling offer to both the Indian and international airlines. The agreement will become effective early in 2008. R Rajamani, Managing Director, MRPL said, "The Aviation Sector in India is growing at a frantic pace. MRPL has large production of international quality Aviation Fuel, which can meet the rapidly growing Indian demand. The JV between MRPL and Shell in the aviation field will offer the best quality standards and technical service to domestic and international airlines." L K Gupta, Director (F), MRPL said, "MRPL and Shell bring in significant value to the JV which will ultimately benefit the customers. This JV will also put MRPL on an international level by supplying Aviation fuel in India to foreign airlines on one hand and on the other, by contracting fuel supply for Indian carriers when they fly abroad." Sjoerd Post, Vice President Shell Aviation, said, "India is an important growth market for Shell Aviation and the industry as a whole. We are pleased to be working with MRPL; this agreement extends our global network offering and will benefit both Indian and our global customers." Vikram Singh Mehta, Chairman, Shell Companies in India, said, "With the dynamic growth in the civil aviation sector in India, it is indeed timely that we are formally joining hands with MRPL, a subsidiary of ONGC, to serve this large market opportunity with our shared values of quality products and excellent service."
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