Volume 7 Issue 23

Aramco Withdraws from Cilacap JV

Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indonesian energy company’s refinery in Cilacap, Indonesia.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 Q1

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, Petronas

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 Report

Speakers: Recovery Appears Delayed

Altivia Acquires Additive Plant

Middle East Airlines Mothball Planes

Briefly Noted

Lukoil began shipping lubricants for passenger and commercial vehicles to China from its blending plant in the Almaty region of Kazakhstan.