Volume 4 Issue 28
Lubricant demand in Spain this year through May was up 33% from the same period in 2020 – during which pandemic restrictions and lockdowns had the most impact – and was up 2% from the same time frame in 2019, based on data compiled by the Spanish Lubricants Association.
Egypt’s Misr Petroleum has reached an agreement for the company’s joint venture with Emirates National Oil Co. to produce finished lubricants at Misr’s blending plant in Alexandria, Egypt. The deal comes more than a year after the companies agreed to evaluate such an arrangement.
Gazprom Neft’s lubricant sales stood flat last year because of Russia’s stagnated industrial output and impacts of the COVID-19 pandemic on both domestic and foreign markets, according to the company’s annual performance report.