Lubes, Base Oils & Additives

Prista and Uzbekneftegaz to form JV to recycle used oils

Bulgaria’s Prista Holding EAD and Uzbekneftegaz, the state-owned holding company of Uzbekistan’s oil and gas industry, will form a joint venture company called Uz-Prista Recycling to recycle used oil. The US$15 million enterprise will process 43,000 tons a year of used oil at …

Indian government considers divesting Andrew Yule stake in Tide Water

Heavy Industries and Public Enterprises Minister Praful Patel disclosed that the Indian government will look into the possibility of offloading the stakes owned by …

Shell‘s lubricant market share in Thailand now at 32%

Last year, Shell reinforced its strong position in Thailand’s lubricants market with sales volume rising by 8%. The company’s market share now stands …

Repsol aims for 4% of lubricant market share in Malaysia

UMW Corporation Sdn Bhd, an international conglomerate that develops industries, said that it expects its Repsol range of lubricants to capture 4% of the …

Food factories saddled by high cost of food-grade lubricants

Amid the rising food-safety awareness among consumers in Japan following several food-mislabeling and contamination incidents, the need for food-grade lubricants for the food-processing machinery …

Pertamina’s lubricant oil exports to reach 180 million liters

PT Pertamina, Indonesia’s state-owned oil and gas company, said it expects this year’s lubricant oil exports to reach 180 million liters because of increased …

Konsortium Logistic and Petronas Dagangan sign agreement

Malaysia’s Konsortium Logistik Bhd (KLB), a container haulage company with a fleet of 15 prime movers and 60 trailers serving the northern states of …

Idemitsu Lube opens Changchun office

Idemitsu Kosan Co., Ltd. announced that its wholly owned subsidiary, Idemitsu Lube Co., Ltd. will open a sales office in Changchun, China, beginning April …

Russia’s Gazprom Neft to produce marine engine oil under Texaco brand

Russia’s Gazprom Neft Lubricants, a business unit of Gazprom Neft, signed a license agreement to produce marine lubricants, under the Texaco brand, with U.S.-based …

Morgan Stanley takes stake in Chinese lubricant additive producer

The Asian private equity unit of U.S. financial holding company Morgan Stanley is investing US$300 million in Chinese lubricant additive producer Tianhe Chemicals Group. …