Volume 2 Issue 45

Mobil 1 and Merlot: An Oil Change in China

Off a bustling street in downtown Chengdu, car maintenance customers lounge on leather sofas, sipping freshly brewed Jasmine tea or full-bodied Merlot. At this V-Kool quick lube, your oil change is your ticket to relax.

Profits Up for Castrol India, Balmer, Chevron Lanka

Castrol India recorded a 21 percent gain in profits for its most recent quarter, Balmer Lawries lube segment made profit after being in the red last year, Tide Water Oil Co. posted a 79 percent decline, and Chevron Lanka's earnings were up 10 percent.

CleanOil Opens Rerefinery, Blend Plant

CleanOil Investment and a subsidiary of Jebsen Group inaugurated their joint venture used oil rerefinery and lubricant blending plant on Saturday in Zhuhai, China.

Tianhe Told to Hire Forensic Accountant

The Hong Kong Stock Exchange has told Tianhe Chemicals that it must hire a forensic accountant to address questions about its 2014 finances before trading of the companys stock can resume.

Briefly Noted

Amir Hamzah bin Azizan, who had been CEO of Petronas Lubricants International, is leaving that post to become managing director for Icon Offshore, a Malaysian supplier of offshore support vessels for the oil and gas industry. Angus Chemical opened a customer care center in Shanghai to provide technical and regulatory advice. Angus provides specialty chemicals used in metalworking fluids and other applications.