Gazpromneft-Lubricants sold 708,000 tons of base oils and lubricants in 2019, up from 703,000 tons sold the year before, thanks to increased international sales and higher volumes of products in small packages, the company announced.
That volume included 311,000 tons of what the company calls premium products, including 106,000 tons sold in international markets – an increase of 6.2 percent compared to 2018. The remaining205,000 tons was sold in domestic markets, a 5.3 percent increase. The company also sold 128,000 tons of what it calls non-premium lubricants, as well as 269,000 tons of paraffin waxes, extracts and drilling liquids.
Deliveries of lubricants packaged in small containers G-Energy and Gazprom Neft-branded products last year amounted to 95,700 thousand tons, an increase of 10.5 percent.
“The company’s geographic coverage has expanded to 86 countries in Europe, Asia, Africa and South America, primarily due to the active development of the premium products distribution network in both the retail and industrial segments,” Gazpromneft-Lubricants said in a recent news release.
In 2019, the company actively promoted its G-Energy branded oils via its own network of G-Energy automotive service stations, amounting to a 61 percent sales boost from the segment, while the number of service stations increased from 170 to 210.
“The number of regular customers and partners of our car service throughout Russia and abroad reached half a million,” the company said.
“Our business has noticeably changed its lubricants portfolio towards high-tech products,” said Alexandr Truhan, Gazpromneft-Lubricants general director. “We have been observing this trend for several years now, but in 2019 it increased significantly.”
Gazpromneft-Lubricants has blending plants at six sites in Russia, Italy and Serbia.
After Lukoil and Rosneft, Gazpromneft-Lubricants is the third-largest lube manufacturer in Russia, and controls 23 percent of the country’s finished lubricants market.