Volume 7 Issue 23
Aramco Withdraws from Cilacap JVJune 5, 2020
Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indonesian energy company’s refinery in Cilacap, Indonesia.
South Korean Exports Fell in Q1June 5, 2020
South Korean base oil exports fell 13 percent to 1.4 million tons in the first quarter this year, down from 1.6 million tons in 2019’s first quarter, according to data released by the Korea Customs Service. The value of base oil exported in this year’s first quarter was U.S. $945.7 million.
Profits Dip at Lanka IOC, PetronasJune 5, 2020
Lubricant supplier Lanka IOC reported a net loss while the lubricants business segment of Malaysian state-owned oil firm Petronas’ domestic marketing arm posted a decline in gross profit for the quarter ending March 31.
From Other Editions of Lube ReportJune 5, 2020
Speakers: Recovery Appears Delayed
Altivia Acquires Additive Plant
Briefly NotedJune 5, 2020
Lukoil began shipping lubricants for passenger and commercial vehicles to China from its blending plant in the Almaty region of Kazakhstan.