Saudi Aramco signed a joint venture development agreement with Indonesias PT Pertamina last week. The two have partnered to dually own, operate and upgrade their Cilacap fuels refinery in Java, Indonesia – a project that includes modifying the API Group I base oil plant there for Group II production. South Koreas SK Lubricants made Ji Dong-seop its new CEO and Park Yong-min head of its new lubricants business headquarters, as it strives to make continued inroads in China.