Volume 6 Issue 47

Russian Base Oil Exports Continue to Fall

After being hammered by Western sanctions in 2022, Russian base oil exports have continued to fall this year as sanctions were tightened and global demand weakened, industry sources and analysts told Lube Report. Russian refiners have managed to ramp up exports to destinations such as Central Asia and the Southern Caucasus in the past two years, but those increases were far offset by decreased shipments to Europe.

Petrol Ofisi Expands Blending Plant

Energy company Petrol Ofisi announced recently that it is expanding its lubricant blending plant in Kocaeli, Turkey, increasing production capacity from 150,000 metric tons per year to 230,000 t/y. The company, which is headquartered in Istanbul, said the enlarged facility will be capable of meeting half of Turkey’s domestic demand, although some of its output will be exported to other markets.

EU Ready to Negotiate Euro 7 with Member States

The European Union Parliament this month adopted its negotiation position on Euro 7, the revamping of EU rules for type-approval and market surveillance of motor vehicles. Among other things, the new regulation will update current limits for exhaust emissions – such as nitrogen oxides, particular matter, carbon monoxide and ammonia.

From Other Editions of Lube Report

Shareholders Approve Acquisition of UMW

U.S. Base Oil Imports Jumped in October

ExxonMobil to Enter Lithium Business

Briefly Noted

Domestic sales of new vehicles in South Africa decreased 2% to 44,445 units in October, compared to the same month last year, according to data released by the National Association of Automobile Manufacturers of South Africa. The association attributed the decrease – which marked the third consecutive month of decline in the new vehicle market – to persisting economic strain on businesses and consumers.