Russia’s Rosneft announces lubricant production volumes for 2018

Russia’s Rosneft said its plans to produce 800,000 tonnes of lubricants next year. Rosneft produced about 850,000 tonnes of lubricants in 2016. The company has not disclosed total production this year.

“Total production of lubricants and associated products of more than a million tonnes, of which the planned amount of lubricants production is slightly more than 800,000 tonnes in 2018. Commercial oils will account for about 70%. Significant changes in production volumes Group 2 and Group 3 base oils are expected in subsequent years,” a company spokesman said.

“Rosneft is actively developing its business to sell lubricants abroad. Subsidiary RN-Lubricants LLC has offices in countries such as China, Turkey, Ukraine, Belarus and Kazakhstan, as well as 45 distribution agreements with foreign companies. The company now exports to 25 countries and plans to expand this list to 35,” the spokesman said.

“We’re developing a strategy that provides for strengthening the company’s positions on export markets,” he added.

Rosneft, which used to import premium base oils also announced plans to launch production of Group 2 and 3 base oils in Novokuibyshevsk.

Rosneft is now rolling out a new line of motor oils for cars and commercial vehicles called Rosneft Magnum and Rosneft Revolux, which are produced at its lube blending plants in Ryazan and Angarsk.