Volume 3 Issue 20
U.S. Lifts Sanctions on Nynas
May 12, 2020Nynas AB announced May 12 that Petroleos de Venezuela S.A. sold a 35 percent stake in the company and that the United States lifted sanctions against Nynas as a result of the divestment.
Supply by Spanish Association Dips
May 12, 2020The 22 associate members of the Spanish Lubricant Association sold 348,000 metric tons of lubricants in the country in 2019, down 1.3 percent from 2018, according to the group’s statistical commission.
Khmz Reports Increased 2019 Profit
May 12, 2020Russian lithium hydroxide producer Khimiko-Metallurgicheskiy Zavod posted more than a tenfold increase of its operating profit to 167 million rubles (U.S. $2.3 million) for 2019, according to the company’s latest earnings report.
From Other Editions of Lube Report
May 12, 2020Stock Exchange Hears Tianhe Appeal
Briefly Noted
May 18, 2020Rome, Italy-based lubricant blender and base oil producer Eni appointed Claudio Descalzi as CEO and general manager. Gazpromneft Marine Lubricants expanded its Mediterranean network to 27 ports in Greece, seven ports in Egypt and 20 ports in Turkey. Chemical company Oxea changed its corporate name to OQ Chemicals as part of its final integration into OQ, the brand entity of a new energy company formed at the end of 2019 under the leadership of Oman Oil Co. and Orpic Group. Oxea became part of Oman Oil Co. in 2013.