November 24, 2015
Volume 2 Issue 47
Five Asian countries - China, India, Japan, Korea and Indonesia - are among the 10 largest lubricants markets worldwide, Fuchs Petrolubs Apu Gosalia told the UEIL Congress in Malta last month. International oil company Vitol agreed to buy a 15 percent stake in Pakistani oil products dealer Hascol Petroleum Ltd., which also blends lubricants. Vitol has an option to buy an additional 10 percent within a year.