Volume 1 Issue 14
Adrian Brown is away. His column will reappear in the April 17 issue of Lube Report EMEA.
An ExxonMobil official called recently for creation of a global engine test development group dedicated to writing test procedures for engine oil specifications around the world. The energy giant also suggested raising oil licensing fees to help fund such a program.
Royal Dutch Shell expects that annual earnings after tax for its global commercial business - most of which is accounted for by lubricants - will grow from $1.4 billion in 2017 to close to $2.5 billion in 2025, driven by factors such as growth in sales of premium lubricants and expanded market shares in several large, developing markets.
Belarus oil major Naftan began shipping finished lubricants to Iraq as part of its strategy to expand into Middle Eastern markets.