Africa

Conoil Profits Take a Dive

Conoil Profits Take a Dive

Lube Report EMEA - January 31, 2023

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% ...

South Africa Auto Sales Jumped in 2022

South Africa Auto Sales Jumped in 2022

Lube Report EMEA - January 10, 2023

Sales of new vehicles in South Africa rose by 14% in 2022 and were just 1% shy of pre-pandemic new vehicle sales in 2019 ...

Steep Drop in Profits for Ardova

Steep Drop in Profits for Ardova

Lube Report EMEA - December 6, 2022

Nigerian blender and distributor Ardova Plc reported an 83% drop in net profit and a 10% increase in sales revenue for i ...

Profits Drop for Nigeria’s Conoil

Profits Drop for Nigeria’s Conoil

Lube Report EMEA - November 29, 2022

Nigerian lubricants blender and marketer Conoil reported a 38% drop in gross profit and flat sales revenue for the quart ...

NNPC Buys OVH Downstream Business

NNPC Buys OVH Downstream Business

Lube Report EMEA - October 11, 2022

Nigerian National Petroleum Co. has acquired OVH Energy Marketing, operator of the Oando fuels and lubricants business a ...

In COVID’s Wake, Maximus Expands

In COVID’s Wake, Maximus Expands

Lube Report Asia - September 23, 2022

Declaring that it sees encouraging signs of recovery from the COVID-19 pandemic, India-based Maximus International Ltd. ...

Russian Lube Production Close to 2020 Level

Russian Lube Production Close to 2020 Level

Lube Report EMEA - August 30, 2022

Russia produced around 600,000 metric tons of finished lubricants in 2021, a slight increase from the previous year, acc ...

Ardova Posts Bigger Loss

Ardova Posts Bigger Loss

Lube Report EMEA - August 23, 2022

Nigerian blender and distributor Ardova Plc’s lubricants and greases segment reported a net loss and a 16% increase in ...

Earnings Decrease for Castrol, Conoil

Earnings Decrease for Castrol, Conoil

Lube Report EMEA - August 9, 2022

BP’s Castrol segment reported a decrease in underlying replacement cost before interest and taxes for the second quart ...

Adnoc Buys Stake in TotalEnergies Egypt

Adnoc Buys Stake in TotalEnergies Egypt

Lube Report EMEA - August 2, 2022

United Arab Emirates-based Adnoc Distribution expanded into Egypt with the acquisition of a 50% stake of French energy c ...

Maximus Expands in East Africa

Maximus Expands in East Africa

Lube Report EMEA - July 19, 2022

Indian lubricants blender Maximus International Ltd. plans to triple its production capacity in East Africa, the company ...

Ardova Reports Jump in Earnings

Ardova Reports Jump in Earnings

Lube Report EMEA - July 12, 2022

Nigerian blender and distributor Ardova Plc’s lubricants and greases segment reported an increase of more than 200% in ...

Plugging Benefits of Digitalization

Plugging Benefits of Digitalization

Lube Report EMEA - June 14, 2022

Digitalization of sales and supply activities can help lubricant companies to manage their businesses more efficiently a ...

Technology to Battle Substandard Lubes

Technology to Battle Substandard Lubes

Lube Report EMEA - May 3, 2022

Nigeria’s government and industry have worked for years to staunch the flow of substandard lubricants in the country. ...

TotalEnergies Opens Plant in Algeria

TotalEnergies Opens Plant in Algeria

Lube Report EMEA - April 19, 2022

TotalEnergies has opened a lubricant blending plant on Algeria’s Mediterranean coast to cater to the growing market in ...

Conoil Posts Higher Earnings

Conoil Posts Higher Earnings

Lube Report EMEA - March 29, 2022

Nigerian lubricants blender and marketer Conoil reported higher gross profit and sales for the fourth quarter of 2021 as ...

Additive

Al-Manar Opens Lube Plant in Egypt

Lube Report EMEA - March 15, 2022

Al-Manar, an Egyptian automotive parts dealer and lubricant blender, announced it started operations at a new production ...