Home January 15, 2019

January 15, 2019

Volume 2 Issue 3

Russian Lube Demand Grew in 2018

Russias lubricant market had a healthy year in 2018 thanks to growth of the overall economy, including several segments that are big consumers of lubricants.

French Firm to Acquire Kenyan Lube Marketer

Authorities have approved Rubis proposed acquisition of KenolKobil, one of East Africas leading lubricant suppliers. Rubis, a France-based oil products supplier, already owned 24.99 percent of the Kenyan company when it announced the then $353 million takeover offer in October.

Russian Base Oil Output on Upward Trend

Russias base oil production increased 3 percent in the first half of 2018, compared to 2017s first half, and the trend was forecasted to continue for the rest of 2018 thanks to a surge in vehicle sales and increased base oil exports.

Briefly Noted

Shell distributor Vivo Energy Ghana appointed Ben Hassan Ouattara managing director effective Jan. 1.Azelis will distribute Angus Chemical Co.'s line of nitroalkanes and their derivatives, which are sold into the metalworking fluids market, in Russia and Belgium.

Base Oil Reports

purple world americas

EMEA Base Oil Price Report

Faltering demand, increasing availabilities, and a directional move toward oversupply of all types of base oils is leading to across-the-board price erosion throughout Europe, the Middle East and Africa.-by Ray Masson
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