Volume 4 Issue 46
Competition Looms for Asian Base Oils
November 14, 2017Asian refiners have long helped quench the worlds thirst for API Group II and III base stocks, but they will face growing competition both abroad and at home from suppliers in the Middle East and elsewhere, according to ICIS analysts.
Puma Roars into Pakistan
November 14, 2017Singapore-based Puma Energy Holdings acquired Pakistans Admore Gas Pvt. and plans to rebrand its 470 retail outlets to market lubricants, the company told Lube Report Asia.
Korean Politician Urges Dam Lubes Reform
November 14, 2017Lubricants in the majority of water resource facilities in South Korea pose threats to public safety and the environment, alleged the Liberty Korea Party.
Indian Marketers Record Quarterly Gains
November 14, 2017Castrol India Ltd. reported that third-quarter net profit increased 27.5 percent thanks to lower expenses and higher income in the other category. Balmer Lawrie & Co.'s second-quarter operating profit from its greases and lubricants segment increased 8 percent. Tide Water Oil Co.'s standalone second-quarter net profit surged 27 percent.
Briefly Noted
November 14, 2017PT Pertamina Lubricants signed a U.S. $3 million deal with Italian Petrol Co. that will see its products marketed in Italy for three years and signed a memorandum of understanding with Jebrs 13 Group,a potential distributor in Johannesburg, South Africa. It also forged new alliances with fellow Indonesian state-owned firms PT Kereta Api Logistik and PT Patra Logistik for national delivery and warehousing, respectively, of its lubricants.