A project to upgrade Uzbekistan’s only base oil plant has been delayed and is now scheduled to be completed in 2025, instead of 2024, according to an official with SEG Motol, the newly established lube arm of oil major Saneg.

South Korea exported 10% less base oil in November than in the same month of last year, and the reported value of the exports fell 24%, according to data released today by a government agency.

Will PTFE be banned in the coming years, and how might increasing regulation affect lubricant formulations? What did North American lubricant demand look like last year? How are new tests, tools and regulations driving oil analysis into a new era? Check out the December issue to learn the answers to these questions and more.

South Korea’s GS Caltex reported a 52% third quarter drop in operating profit for its lubricants and base oils business, noting a decline in the spread between average base oil prices and Dubai crude oil prices. Lubricants blender Michang Petroleum reported a 29% jump in net profit.