16 June 2026

We’re excited to share that Afton Chemical has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL), marking an important step in our continued growth in India.

The MoU was signed by IOCL’s Authorized Signatory, Mr. Bankim B. Patra, Country Head (Lubes), and Mr. Srinivasan Venkatragavan, Country Head, Afton Chemical India, in the presence of Mr. Soumitra P. Srivastava, Director – Marketing, IOCL, and Philippe Yannic, VP EMEAI, Afton Chemical Limited.

This alliance brings together the strengths and capabilities of both organizations, with a shared focus on driving growth and delivering value in the Indian market.

The agreement reflects Afton Chemical’s long-term commitment to the region, continued investment in India, and focus on supporting our customers. We look forward to working closely with IOCL and exploring the opportunities this collaboration creates for both organizations.