Volume 4 Issue 13

Japanese Giants Unite

Upon their merger later this week, Japanese oil majors JX Holdings and TonenGeneral Sekiyu KK together will be the countrys largest supplier of lubricants. But observers say its not clear how the behemoth will integrate its lubricants operations as it targets more growth in the segment.

In Indonesia, Theres an App for That

The growing popularity of app-based, on-demand oil change services in Indonesia gives lubricant marketers a new channel of distribution into second- and third-tier cities where consumers may not have easy access to physical workshops.

Pakistan Grants More Lube Licenses

Pakistans Oil and Gas Regulation Authority has granted an unprecedented number of marketing licenses to lubricant players in recent months in hopes of fostering competition and investment in the sector. Meanwhile, an industry association says the regulators fee structure needs reform.

Yips Revives Lubes Profit

Yips Chemical Holdings Ltd. made a profit of 1.68 million Hong Kong dollars (U.S. $216,000) in 2016 after suffering a HK $26 million loss the year before. Sales revenue was down, but the group said operational improvements led to better gross profit margins.

Briefly Noted

Effective April 1, prices forGulf Oil Marine Ltd.smain and secondary lubricants – which include, among other products, cylinder oils and hydraulic fluids, respectively – will be up U.S. $0.15 per liter worldwide.The increase is attributed to higher raw material costs. Greases, synthetic products and environmentally acceptable lubes prices will not be adjusted. India’s Apar Industries Ltd., through its subsidiary Petroleum Specialties Pte., opened an $18 million industrial white oils plant in the Hamriyah Free Zone of Sharjah, United Arab Emirates.