Under the auspices and in the presence of the President of the Union of Chambers of Commerce, Industry and Agriculture for the Arab Countries, Minister of State Adnan Kassar, a ceremony was held at the headquarters of the General Federation of Chambers of Commerce, Industry and Agriculture for Arab Countries, where a commercial agreement was signed between "Total Liban" and "IPT" appointing "IPT" an official distributor of Elf lubricants in Lebanon. The event was attended by Mr. Dany Samaha, representative of the Minister of Energy and Water, Dr. Rock Mhanna, representative of the Minister of Interior and Municipalities, Mr. Maroun Chammas, president of APIC, and Dr. Charbel Michel Sleiman, in addition to leading businessmen and journalists. Dr. Toni Issa, member of the board of directors of IPT stressed the importance of the agreement with “Total Liban” especially that “Elf” is among the leading brands in the world in terms of recognition, distinction and quality and is one of the top superior quality engine lubricants worldwide. "This partnership confirms the confidence in the Lebanese companies and their role within the Lebanese national economy." In his turn, Jacques Souplet, CEO of Total Lebanon, emphasized that the agreement with a growing professional lubricant company such as IPT is an opportunity for the prestigious Elf brand to expand its presence in Lebanon. Souplet said "Elf, is one of the most distinctive brands at Total, and is a recognized name in the automotive sector.” Souplet added “Elf’s strong reputation stems from the continuous success it has achieved in the cars racing industry” On his part, Minister Adnan Kassar considered the agreement signed between “Total Liban”, an international major oil company present in Lebanon since 1951, and “IPT”, a Lebanese company that showed great skill and proved to be a pioneer in providing innovative and quality services, solid evidence of the strong confidence the Lebanese and international private sector have in the dynamic and investment characteristics of the Lebanese economy, despite the local, regional and international situation. Kassar further emphasized that "indicators of the Lebanese economy remain strong and the prospects are very promising." After signing this trade agreement, the Chairman of the Board of Directors of IPT Holding Group, Mr. Michel Issa and Mr. Jacques Souplet, presented Minister Adnan Kassar with a symbolic gift. The ceremony was followed by a lunch to celebrate this new partnership.
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