Southeast Asia

Profits Drop at Lanka IOC, Petronas

Profits Drop at Lanka IOC, Petronas

Lube Report Asia - September 18, 2020

Lubricant supplier Lanka IOC reported a steep net loss, and the lubricants business segment of Malaysian state-owned oil ...

Profits Down for Indian, Thai Companies

Profits Down for Indian, Thai Companies

Lube Report Asia - September 4, 2020

India’s Tide Water Oil Co. and Balmer Lawrie & Co.’s greases and lubricants segments both reported steep decline ...

Mixed First-half 2020 for AP Oil

Mixed First-half 2020 for AP Oil

Lube Report Asia - August 21, 2020

Singaporean independent lubricant blender AP Oil posted a strong increase in net profit and lower revenue for the first ...

Vietnam Struggles to Enforce Lube Standard

Vietnam Struggles to Enforce Lube Standard

Lube Report Asia - August 21, 2020

As its dependence on imported lubricants increases, Vietnam’s government is grappling with enforcement of its national ...

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Brenntag Acquires Thai Distributor

Lube Report Asia - July 8, 2020

Chemicals company Brenntag acquired Thailand-based lubricants distributor Oils ‘R Us Co. Ltd. as part of its expansion ...

Profits Dip at Lanka IOC, Petronas

Profits Dip at Lanka IOC, Petronas

Lube Report Asia - June 4, 2020

Lubricant supplier Lanka IOC reported a net loss while the lubricants business segment of Malaysian state-owned oil firm ...

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Aramco Withdraws from Cilacap JV

Lube Report Asia - June 3, 2020

Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indone ...

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Profits Up for Thai Oil Base Oils

Lube Report Asia - May 27, 2020

Stated-owned Thai Oil Group’s base oil business reported a major increase in net profit on lower sales revenue in the ...

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Palm Oil Producers Reopen in Sabah

Lube Report Asia - May 4, 2020

The Malaysian state of Sabah allowed palm oil plantations and mills to reopen last month after setting conditions aimed ...

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Oil Trader Ensnared in Scandal

Lube Report Asia - April 23, 2020

Hin Leong Trading, the giant oil trader at the center of one of Asia’s biggest current business scandals, is also a lu ...

Esso Thailand’s Lube Sales Down

Esso Thailand’s Lube Sales Down

Lube Report Asia - April 23, 2020

Esso (Thailand) Public Co.’s lubricant sales fell 5.7 percent last year, in line with a decline in the country’s sal ...

Food-grade Lube Demand Spikes

Food-grade Lube Demand Spikes

Lube Report Asia - April 16, 2020

Covid-19 pandemic lockdowns in Asia have resulted in increased demand for food-grade lubricants, industry insiders said.

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Malaysian Palm Industry Wants to Reopen

Lube Report Asia - April 8, 2020

Two industry associations urged the Malaysian state of Sabah this week to allow oil palm plantations and mills to reopen ...

Asia-Pacific Leads in New Wind Turbines

Asia-Pacific Leads in New Wind Turbines

Lube Report Asia - April 8, 2020

Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installation ...

Thai Oil’s Q4 Net Profit Jumps

Thai Oil’s Q4 Net Profit Jumps

Lube Report Asia - April 2, 2020

Stated-owned Thai Oil Group’s base oil business posted a massive jump in net profit for the fourth quarter of 2019, an ...

JV Will Make Repsol Lubes in Indonesia

JV Will Make Repsol Lubes in Indonesia

Lube Report Asia - February 21, 2020

An Indonesian blending plant partly owned by Repsol will begin producing the companys lubricants by April. The Spanish c ...

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SK Acquires Stake in Vietnamese Blender

Lube Report Asia - February 14, 2020

SK Lubricants acquired a 49 percent stake in Mekong Petrochemical JSC, Vietnams largest private lubricant company, as pa ...