Lukoil eyeing construction of lubricants plant to supply Southeast Asia

Lukoil is looking into building a new lubricant production facility to supply markets in Southeast Asia, Maxim Donde, the general director of LLC LLK-International, a 100% Lukoil subsidiary in charge of lubricant output and sales, said.
“We are approaching a situation in which the amounts that we will sell on the Southeast Asian markets are coming close to needing a justification of investments in our own factory,” he said.
At present, Lukoil delivers lubricants to markets in Western Europe from its plant in Finland, to Eastern European markets from its plant in Romania, and to Middle Eastern markets from its plant in Turkey.
“In the lubricants business, you can’t be a regional player. The market dictates that you can either be big or the market will squeeze you out,” Donde said.