Incidents & Disruptions
Local government in Tianjin, China, suspended port traffic following Wednesdays deadly warehouse explosions at the northeast China industrial zone, which is the busiest base oil port in Northeast Asia and a prominent lubricants supply hub.
Working to emerge from a financial crisis, Chinese lubricant marketer DongHao Oil Group is receiving financial support from distributors and planning to sell its chain of automobile maintenance centers, the companys president told Lube Report Asia.
Three people were killed after a fire broke out on the morning of April 6 at a Yate Lubricant Co. factory in the Bishan District of Chongqing, China.
The economic wrecking ball that is the coronavirus went into full swing this week when it sent the price of crude oil back to 1991 and pounded stock markets.
Castrol India and Gulf Oil Lubricants India each temporarily closed its lubricant plants as the government tries to stop the spread of the deadly coronavirus in the worldâ€™s third-largest lubricant market.
Lubricants sales have dropped approximately 40 percent in north and central India, partly due to monsoon flooding during July and August, according to regional lube dealers.
Chinese base stock supplier Hainan Handi Sunshine Petrochemical Co. must delay plans to expand its refinery on Yangpu Peninsula due to land disputes with local communities, according to a source at Handi.
An explosion occurred two weeks ago during deconstruction of CPC-Shell Lubricants base oils plant in Kaohsiung, Taiwan, killing one worker. The company said work has stopped until investigations are completed.
Lukoil said it will halt construction of its blending plant in Kazakhstan due to the countrys restrictions on base oil imports and lubricant exports.
A large fire broke out Sunday in the base oil plant at TonenGeneral Sekiyu K.K.s refinery in Arida city, Wakayama Prefecture in western Japan. The company said it was still working to determine the extent of damage and length of disruption for production. No injuries were reported.