Volume 3 Issue 19

Venezuelan Plan: Make Nynas Russian Unit

Officials in Venezuela’s embattled government have drafted a plan to restructure the country’s sacred national oil company, Petroleos de Venezuela S.A., proposing among other things to create a Russian subsidiary that would absorb at least a stake in Nynas AB.

Spain's Lube Demand Slightly Down

Spain’s total lubricant consumption decreased 1.5 percent last year to 455,861 metric tons, according to Sigaus, a non-profit entity that manages used lubricants in the country.

Dutch Biolube Start-up Gets Subsidy

The Groningen province in the Netherlands provided a €50,000 (U.S. $54,000) subsidy to support Stadskanaal-based Airgroup’s efforts to develop and produce lubricants based on vegetable oils.

From Other Editions of Lube Report

GP, Gulf Blending Plants Back Online

Palm Oil Producers Reopen in Sabah

Upping the Ante on Food-grade Lubes

Briefly Noted

Goldwagen’s retail outlets will now distribute Belgium-based Wolf Lubricants’ products throughout southern Africa, including in South Africa, Namibia, Swaziland, Lesotho and Botswana.