Volume 11 Issue 25

South Korea Base Oil Imports Jump

South Korea’s base oil export volume jumped 21% in May, while the reported value of those exports increased 4%, compared to the same month last year, a government agency reported earlier this week.

Palm Transformer Oil Project Advances

Biofuels producer BBGI Group, along with fellow Thailand-based partners SCG Chemicals and QTC Energy, announced successful testing of their palm oil-based transformer oil in real transformers, meeting international standards.

Michang Records Earnings Bump

South Korean lubricants blender Michang Petroleum reported a 13% increase in net profit despite a 4% decline in sales revenue for the quarter ended March 31.

From Other Editions of Lube Report

Sales at Oil Change Shops Jump 14%

Metalub Opens Costa Rica Rerefinery

UK Launches Dumping Investigation

Briefly Noted

Sales of four-wheel automobiles in Southeast Asia decreased 1% to 219,574 in April, compared to 222,153 in the same month last year, the Asean Automobile Federation reported. Year-to-date sales declined 10% to 979,479.