Volume 11 Issue 14

Japan Bans Motor Oil Exports to Russia

Japan’s Cabinet today expanded a ban on exports to Russia, adding 164 items to the list of prohibited items, including automotive engine oils.

CNOOC to Add Blending Plant in Taizhou

China National Offshore Oil & Gas signed an agreement last month to build a large blending plant in Taizhou, Jiangsu province, significantly increasing the company’s capacity to make finished lubricants and specialty oils.

Richful Lube Additives Sales Decline

Richful Lube Additives reported last week that its lubricant additives sales revenue decreased in 2023, while its overall net profit rose on lower sales attributed to destocking.

From Other Editions of Lube Report

U.S. Naphthenic Output Tanked in January

Brazil Base Oil Output Fell in February

Investment Firm Ups Stake in Prista

Briefly Noted

As part of its growth commitment in India, the Middle East and Africa, Lubrizol announced that Nitin Mengi will join the company as vice president, Lubrizol Additives, IMEA as well as chairman and managing director, Lubrizol India Pvt Ltd.