Gazprom Eyes Baltic Market

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Gazprom Neft and Chevron recently signed an agreement to widen the sales network of Texaco branded marine oils in the Baltic region.

Produced by Gazprom Neft Lubricants under the Chevron Marine Lubricants license, these oils will ship for the first time to the three Baltic countries – Estonia, Latvia and Lithuania. The previous agreement between the suppliers allowed for selling Chevron marine oils only in Russia.

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The marine lubes market in the Baltics has shown intensive development in recent years. At the moment it amounts to 1,000 [metric] tons per year, and its annual growth rate is estimated at 10 percent, Gazprom Neft Lubricants told Lube Report on Monday. There are many shipping companies, ports, docks and repair yards that operate in Estonia, Latvia and Lithuania, and our company made supply deals with a few of them.

The companies include Nord Oil Marketing and ferry boats maintenance company Lubtek, as well as Vista Shipping, Amisco and Norfos, all originating from the region, according to Gazprom Neft.

Gazprom Neft will supply both bulk and packaged marine oils to the Baltics. It expects to reach up to a 50 percent share of the regions marine lubricants market by 2016.

Gazprom Neft operates a lubricants complex in Omsk, Western Siberia, that includes a base oil plant with 240,000 tons per year API Group I capacity and a 70,000 t/y lubricants blending facility.

The company also operates a 30,000 t/y blending plant located in Fryazino, Moscow Oblast, and a 250,000 t/y API Group I base oil plant in Yaroslavl, under the Slavneft joint venture with the Russian oil company TNK-BP, recently acquired by Rosneft. That facility is to be upgraded to produce 100,000 t/y of Group III base oil by 2014, to be shared equally between Gazprom Neft and TNK-BP (Rosneft).

The company markets products in 39 countries in Europe and Asia

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