Spains Cepsa Lubricantes will enter the Chinese market with a five-year renewable agreement to supply lubricants through Spanish automobile distributor Berge Automocion to Auto Parts Sourcing International Service, part of Chinese industrial conglomerate SAIC. SK Lubricants operating profit fell 50 percent to 155 billion won in 2013, but parent SK Innovation, of South Korea, expects a rebound in 2014 with the opening of a joint venture plant in Spain.