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Five Asian countries – China, India, Japan, Korea and Indonesia – are among the 10 largest lubricants markets worldwide, Fuchs Petrolubs Apu Gosalia told the UEIL Congress in Malta last month. International oil company Vitol agreed to buy a 15 percent stake in Pakistani oil products dealer Hascol Petroleum Ltd., which also blends lubricants. Vitol has an option to buy an additional 10 percent within a year.

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