| Manufacturing | Industrial lubricants, automotive oils and greases, rubber process oils, transformer oils, specialty lubricants. | Strong OEM relationships, exclusive IPOL and Repsol branding license, extensive domestic distribution network. | B2B: Automotive OEMs, engineering, plastics, textiles, cement industries; B2C through aftermarket channels. | Premium automotive lubricants and specialty oils with OEM approvals. | 503 | 83 | Product sales to OEMs, industries, and aftermarket clients under own and licensed brands. | Direct and indirect sales, volume-based contracts, OEM agreements. | OEM approvals, BS VI compliance products, increased industrial demand, exports expansion. | IPOL, REPSOL |
| Trading | Trading of base oils, bitumen, and fuel oil opportunistically. | Flexible trading ability to complement manufacturing operations and market demand. | B2B customers needing base oils and bitumen supplies. | Base oil trading generates marginal profits; bitumen trading recently loss-making. | 106 | 17 | Margins from purchases and sales in open market; commodity trading profits. | Transactional, spot trading with margin focus. | Market opportunities in base oils; variable demand for bitumen. | |
