Africa

Profits Drop for Nigeria’s Conoil

Profits Drop for Nigeria’s Conoil

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

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

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

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

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

August 9, 2022

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

Additive

Adnoc Buys Stake in TotalEnergies Egypt

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

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

July 12, 2022

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

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Plugging Benefits of Digitalization

June 14, 2022

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

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Technology to Battle Substandard Lubes

May 3, 2022

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

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TotalEnergies Opens Plant in Algeria

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

March 29, 2022

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

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Al-Manar Opens Lube Plant in Egypt

March 15, 2022

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

Ardova Loss Gets Bigger

Ardova Loss Gets Bigger

March 1, 2022

Nigerian blender and distributor Ardova PLC reported an enlarged operating loss and higher sales revenue for its lubrica ...

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Sapref to Pause Operations in March

February 15, 2022

The South African base oil market will become completely import-dependent from March when Sapref – the joint venture b ...

Profit, Revenue Jump at Ardova

Profit, Revenue Jump at Ardova

November 16, 2021

The lubricants and greases segment of Nigerian blender and distributor Ardova Plc posted an increase in net profit and a ...

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Azelis Acquires African Distributor Umongo

October 26, 2021

A subsidiary of specialty chemicals distributor Azelis will acquire 90% of the shares of South Africa-based lubricants, ...