Russia’s Gazprom Neft Lubricants and U.S. Chevron have signed a license agreement to produce marine engine oils, which will allow Gazprom Neft’s subsidiary to become a supplier of a wide range of lubricants, including hydraulic, compressor, turbine, cooling fluids, and specialized lubricants for marine and river transport.

Chevron is a global leader in the development of lubricants for all systems of marine and river vessels.

The agreement provides for the production of marine engine oils under the Texaco brand using Gazprom Neft base oils at the Omsk and Moscow lubricants plants.

The production of marine engine oils is planned to begin in late March 2012.