Home March 27, 2018

March 27, 2018

Volume 1 Issue 13

Nigerian Blenders Protest Import Fees

The Lubricant Producers Association of Nigeria has asked the national government to prevent one of its agencies from imposing a new fee on base oil imports, claiming they will drive up finished lubricant prices.

Fuchs Plans to Expand

Following a strong fourth quarter and 2017, Fuchs Petrolub SE plans to focus on investing in China, the United States and Germany during 2018, the company stated in its annual report released last week. After opening several new facilities throughout 2017, the independent lubricant blender plans to open more over the next few years.

Police Raid Fake Motor Oil Operation in Russia

Russian police this week broke up an alleged a counterfeit motor oil distribution ring accused of defrauding oil companies of more than U.S. $200,000 in the Orsk region.

Briefly Noted

Indias Competition Commission recently approved German chemical distribution companyBrenntag AGs acquisition of Chennai, India-based petroleum specialty products companyRaj Petro Specialities. Petronas Lubricants International signed a dealership agreement with Gomeju Oil Ethiopia, allowing it to distribute Petronas lubricants and greases in Ethiopia.

Base Oil Reports

purple world americas

EMEA Base Oil Price Report

The European base oil market appears to have calmed, but availability remains scarce and an increasing number of buyers are looking to make purchases that will tide them over until supply eases.-by Ray Masson
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