Volume 5 Issue 22

Sinopec Ramping up Overseas Sales

Sinopec Lubricants will expand lubricant production, logistics and marketing channels for overseas sales, especially in Asia, officials said this week.

Pertamina Sets Up Base Oil Export Hub

Indonesias state-owned Pertamina Lubricants announced last week it set up a base oil export hub for Asia in Port Kabil, Batam Island.

Earnings Fall for GP, Balmer, Tide Water

Full year profits for GP Petroleums Ltd., Balmer Laurie & Co. and Tide Water Oil Co. fell, while Maximus International Ltd., Continental Petroleums Ltd. and Apar Industries Ltd. each enjoyed strong revenue growth for the full year ending March 31.

From Other Editions of Lube Report

SSY Base Oil Shipping Report

Adrian Brown is away. His column will reappear in the June 22 issue of Lube Report Asia.

Adrian Brown is a senior market analyst for chemicals and base oils with SSY Shipbrokers, London, can be reached atfix@ssychems.comor +44 12 0750 7507. Information about SSY can be found atwww.ssyonline.com. In the Houston office,Steve Rosenthalof SSY’s Chemical Tanker Department can be reached directly at +1 (713) 652-2700 and Jordi Maymi in Singapore can be reached at +65 6854-7127.

Briefly Noted

ExxonMobil Lubricants Pvt. Ltd., which manufactures and markets lubricants in India, partnered with Cross Roads India Assistance Pvt. Ltd. to offer periodic maintenance service to cars in the Delhi-National Capitol Region. Petaling Jaya, Malaysia-based MisterTyre Sdn – which offers on-demand mobile car care services such as oil changes via smartphone app – announced its first fleet partnership with SoCar for over 350 cars in Kuala Lumpur stationed across the city.