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PdVSA Lube Chief Arrested

The president of Petroleos de Venezuela S.A.’s lubricant business was one of several company officials arrested early this month on corruption allegations by a committee appointed to reform the national oil company.

Car Sales Mixed in Latin America

Vehicle sales for last year were up in Brazil and Colombia but down in Mexico, Argentina and Chile, according to data from a variety of automotive associations and agencies. The five countries have the largest national fleets among Latin American countries.

Petrobras May Add Group II Production

Brazilian state-run oil company Petrobras is seeking to add API Group II base oil production in the country through new installations at its Comperj petrochemical complex in the city of Itaborai, located in the state of Rio de Janeiro.

Petrobras Mulls Additional Lube Production

Brazilian state-run oil company Petrobras is developing a plan to increase lubricant production at its Comperj refinery in the state of Rio de Janeiro, a spokesperson told Lube Report.

Petrobras to Sell Uruguay Business

Brazils Petrobras started the process to sell its distribution company in Uruguay so that it can exit the South American countrys lubricants, fuels and liquid fertilizers market.

Petronas Closes Argentina Plant

Malaysias Petronas Lubricants International recently closed its lubricant blending plant near Buenos Aires, Argentina, and canceled plans to build a larger plant, opting instead to contract with toll-blenders because of the country's ongoing economic crisis.

Brazil’s Refinery Sell-off Plan Hits Phase Two

Brazils state-run oil company Petrobras has started the second phase of a plan to sell controlling stakes in eight oil refineries, inviting expressions of interest for four facilities, including one that houses a naphthenic base oil plant.

Mobil Re-positions in Argentina

ExxonMobil is working to reposition its Mobil brand in some South American countries, including Argentina where it recently signed Cosans Moove to serve as distributor.

Brazil Selling Refineries with Base Oils

Arguing that privatization will lead to cheaper energy products, the administration of Brazilian President Jair Bolsonaro has announced plans to sell 60 percent of the governments stakes in eight refineries operated by state-run oil company Petrobras. Two of those facilities include base oil plants.

Lubricants a Luxury in Venezuela

Due to the ongoing political and economic crisis in Venezuela, acquiring goods is an uphill battle in the country - and this certainly does not exclude lubricants.
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