Volume 6 Issue 20

Lukoil’s Output of Lubes Rose, Base Oils Fell

Base oil production by Lukoil fell 7% last year, while its finished lube output increased 2%, partly driven by its acquisition of Shell’s former business in Russia, according to its annual performance report. Base oil output dropped because of the country’s slow recovery from the coronavirus pandemic and impacts from the war in Ukraine.

Spain Maintains Waste Lube Recycling Rate

Spain in 2022 once again rerefined more than three-quarters of its collected used oil back into base stocks, according to the non-profit organization charged with managing waste lubes. That was well above the 65% mandated minimum.

Lubes’n’Greases May Issue Available

The May issue explores why U.S. base oil production dropped off in 2022. This issue also includes feature articles about how one global metalworking fluid distributor is working to improve its sustainability profile as well as how lubricant companies can attract and retain quality employees. Plus, find out what regulatory bodies do to ensure continuity of licensing when engine tests fail.

MRS Oil Profits Jump on Reduced Costs

Gross profit for Nigerian blender MRS Oil’s lubricants segment skyrocketed more than 20 fold in the fourth quarter, on a slight decrease in sales revenue. Despite global inflation, the company managed to cut cost of sales by 9%.

From Other Editions of Lube Report

Indonesian Market Forecast to Continue Growing

Brakes India Enters Lube Business

Base Oil Exports Slip, Imports Rise

Briefly Noted

German independent lubricant blender Fuchs Petrolub SE at its annual general meeting May 3 passed a resolution to change its name to Fuchs SE.  The company explained that in light of increasing technical requirements and sustainability efforts, its focus is on high performance raw materials from sustainable sources, which is why having “Petrolub” in its name was no longer appropriate. It noted that “Petrolub” is not part of the company name of the 56 Fuchs subsidiaries worldwide.