Volume 5 Issue 21
Agency Approves Shell Sale to Lukoil
May 24, 2022Russia’s antitrust regulator approved last week Lukoil’s purchase of Shell’s retail and lubricants business in the country. The assets include a network of 411 filling stations and a state-of-the-art 180,000-metric-tons-per-year lube blending plant in Torzhok. The Federal Antimonopoly Service approved the sale of 99.9% shares of Shell Neft, the British energy giant’s subsidiary in Russia, to Lukoil, the largest privately owned oil company in the country.
France Sales Rose in March
May 24, 2022Finished lubricant consumption in France increased to 52,948 metric tons in March, up 2% from the same month last year, according to data released by the Paris-based Professional Lubricants Center. Automotive lubricants demand rose 3% to 29,216 tons.
Packaging Recycled on Spanish Islands
May 24, 2022The Spanish Association of Lubricants and Sigaus, a non-profit waste oil collector, have formed a joint venture to manage commercial and industrial lubricant packaging waste for lubricant blenders on a set of Spanish Mediterranean islands. Genci was formed in response to a provision from the government of the Balearic Islands requiring companies to establish what it calls extended producer responsibility systems.
Briefly Noted
May 24, 2022New passenger car registrations in the European Union dropped 21% to 684,506 in April, compared to the same month last year, the European Automobile Manufacturers Association reported. Except for the initial year of the pandemic in 2020, it was the weakest April in terms of volume since records began, according to ACEA, as supply chain issues continued to impact car production.