Volume 2 Issue 5

SSY Base Oil Shipping Report

The European market fell away again quite quickly last week. The United States remains tight, and a few routes are attracting higher freight levels. Asia had another busy week in the run-up to the lunar holidays.-by Adrian Brown

Eni, OMV Buy Stakes in Adnoc

Abu Dhabi National Oil Co. signed agreements Sunday selling a combined 35 percent stake in itself to Eni and OMV for a total of $5.8 billion. The companies said they intend to expand Adnoc operations, including its refining complex in Al Ruwais, United Arab Emirates, which has a base oil plant.

EU Vehicle Sales Grew in 2018

Commercial vehicle registrations across the European Union grew 3.2 percent to 2.5 million in 2018, its sixth consecutive year of growth, while passenger car registrations edged up 0.1 percent to almost 15.2 million, the fifth straight year of growth, according to the European Automobile Manufacturers Association.

Sopremac Opens Algeria Blending Plant

Biskra, Algeria-based Sarl Sopremac opened a lube oil blending plant in Algeria that has already begun production of multigrade motor oils and industrial lubricants.

Orgkhim Expands Process Oil Output

Russian chemical producer Orgkhim expanded its process oil production in Uren, Nizhny Novgorod, from 110,000 tons per year to 130,000 t/y by adding a test unit for production of extender process oils made from petrochemical wastes and base oils.

From Other Editions of Lube Report

Briefly Noted

Stockholm-based Nynas appointed company Chief Financial Officer Bo Askvik interim president and CEO. Gert Wendroth, president and CEO since 2014, will leave the company.