Volume 11 Issue 19

Shell Sells Singapore Refining Complex

A joint venture led by Indonesian chemical company Chandra Asri has agreed to buy Shell’s fuels and petrochemical refining complex in Singapore – facilities that include an API Group I base oil plant.

Indonesia Simplifies Import of Base Stocks

Indonesia has streamlined its import requirements for lubricant base stocks, which may boost the government’s call for more investment into the country's lubricant industry.

Profits Decline for GS Caltex, Thai Oil

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the first quarter ended March 31, while Thai Oil Group’s base oil business reported a steep decline in net profit.

From Other Editions of Lube Report

U.S. Base Oil Exports Jump

Safety-Kleen Acquires Noble Oil

Lukoil Lube, Base Oil Production Falls

Briefly Noted

Sales of four-wheel automobiles in Southeast Asia declined 18% to 271,713 in March, compared to 331,704 in the same month last year, the Asean Automobile Federation reported. For the first quarter, such sales decreased 13% to 759,905, compared to 870,477 in the same period in 2023.