Indias Maximus International Ltd. said its United Arab Emirates-based unit plans to acquire a controlling stake in Pacific Lubricants LLC, a producer with a plant in the UAE.
Abu Dhabi National Oil Co. signed an exclusive agreement last week for Chemlube S.A. to distribute its API Group III base oils in Europe.
Bahrain Petroleum Co. has signed an agreement appointing Shell Trading and Shipping Co. exclusive distributor in Europe and the Americas of Bapcos API Group III base oils.
Authorities have approved Rubis proposed acquisition of KenolKobil, one of East Africas leading lubricant suppliers. Rubis, a France-based oil products supplier, already owned 24.99 percent of the Kenyan company when it announced the then $353 million takeover offer in October.
Biskra, Algeria-based Sarl Sopremac opened a lube oil blending plant in Algeria that has already begun production of multigrade motor oils and industrial lubricants.
Oman Trading International, a subsidiary of Oman Oil Marketing Co., inked an agreement with Kenyas Hass Petroleum to sell the Muscat-based marketers range of lubricants in the East African country.
Chevron established a second API Group II base oil hub in Africa through a distribution agreement with a Moroccan company, extending its coverage of the African market.