Russian oil major Lukoil increased production at its standalone lubricant blending plants by 17% to 161,000 metric tons in 2020, Lukoil said in its annual performance results report. The company attributed the increase to its new plant in Kazakhstan, which had its first full year of making products for Central Asia countries.
The company also blends lubricants at its refineries in Perm and Volgograd, which itcounts as “full-cycle lubricant production” sites. At those locations Lukoil produced a combined 923,000 tons of base oils and finished lubricants in 2020, a 4% drop compared to the year before.
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