Volume 3 Issue 5

Green Cars a Boon for Indie Workshops?

As warranties expire on the first waves of Indonesia's low-cost green cars, independent automobile workshops are likely to see significant growth in their oil change business, according to Ipsos Business Consulting.

Asia-Pacific Forecast to Use Half of Worlds Energy

Asia-Pacifics energy demand is expected to grow by 40 percent from 2014 to 2040, with oil, gas, and coal making up 80 percent of the regions total energy consumption, according to a 24-year forecast of global energy needs recently released by ExxonMobil.

Chevron Expands Karachi Blend Plant

Chevron Lubricants Pakistan announced that it is expanding its blending plant in Karachi and that it will extend its lube retail network within the country.

S-Oil, Chevron Lanka Post Earnings Jumps

S-Oils base oil business posted a 23 percent gain in operating profit in 2015 despite reduced sales revenue, while Chevron Lankas fourth quarter profit jumped more than 50 percent.

PetroChina Ties Up with FAW

PetroChina announced an agreement with automaker FAW Group for the supply and joint development of automotive lubricants. The deal calls for the companies to jointly establish a research and development center.

Briefly Noted

Klueber LubricationandChem-Trend, sister companies of Germanys Freudenberg Group,opened an R&D lab at the site of its Mysore, India, production facility.Dutch-Anglo energy giantShellsaid it will retain its fuel and lubricant marketing business in Malaysia despite divesting its 51 percent share ofShell Refining Co., operator of a fuel refinery at Port Dickson, Malaysia. Shell is selling toMalaysia Hengyuan International Ltd., subsidiary of a Chinese company.