Volume 10 Issue 51

Aramco Buys Pakistan Channel for Valvoline

Saudi Aramco signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. – a diversified downstream fuels, lubricants and convenience stores operator – in part to expand the market for its Valvoline subsidiary’s lubricants.

Graphene Manufacturer Opens Australia Plant

Graphene Manufacturing Group Ltd. commissioned a natural gas-to-graphene production plant in Richlands, Australia, that is intended to make different types of graphene for the company’s end products, including lubricants.

Lopal Posts Higher Sales Revenue

Chinese lubricant marketer Lopal Tech Co. reported that increases in the average selling prices by its lubricants segment allowed the unit to overcome a slight decline in sales volumes through the first three quarters of this year.

From Other Editions of Lube Report

Lwart Will Expand Brazilian Rerefinery

Suit Calls Italy’s Conou Anti-competitive

Lanxess Completes Sulfur Carrier Expansion

Briefly Noted

Sales of four-wheel automobiles in Southeast Asia decreased 4% to 281,051 in October, the Asean Automobile Federation reported. Year-to-date through September, sales were down 1% at 2.7 million.