Volume 3 Issue 23

Ukraine Duty Draws Criticism

Ukraine lubricant companies contended last week that they are facing a serious financial crisis because of a new base oil import duty that went into effect May 23.

Turkish Refinery Set to Reopen

Turkey’s only base oil plant is likely to resume production once Tupras restarts its Izmir refinery on July 1. Operations at the refinery, which includes a 400,000 metric ton per year API Group I unit, were halted on May 5 because of weak domestic demand for petroleum products caused by the Covid-19 pandemic.

Localities Faulted for Response to Rouen Fire

A French Senate inquiry last week blasted local and regional governments’ response to the September 2019 blaze at a Lubrizol lubricant additive factory in Rouen.

From Other Editions of Lube Report

Aramco Withdraws from Cilacap JV

South Korean Exports Fell in Q1

Altivia Acquires Additive Plant

Briefly Noted

Italy’s Eni, which manufactures base oils and lubricants, approved a new business structure, creating two new business groups: Natural Resources and Energy Evolution. The Energy Evolution group will incorporate the activities of power generation from natural gas and renewables, the refining and chemicals businesses, retail natural gas and power, and mobility marketing.