Engine oil demand in Romania increased by 8.8 percent in 2018, compared to the year before, as used car sales spiked over the same period of time, according to Ziarul Financier, a Romanian business publication.
The European Commission last week adopted a quota for API Group II base oil imports, determining that volumes above 400,000 metric tons per year will be subject to duties of 3.7 percent.
German-Turkish joint venture Opet Fuchs last week announced the start of operations at its lubricant blending plant in Aliaga, Turkey, near Izmir, saying the plant was built to meet rapid sales growth in the country and in the neighboring markets.
The Russian government last month banned exports of petrochemical products, including lubricants and slack waxes, to Ukraine. Some industry insiders called it worrisome for Russian lube suppliers while others said the rules are vague and do not clearly show what is embargoed.
A refinery in Ballsh, Albania, and its associated API Group I base oil plant has been idled since January because of irregular crude oil supply.
The transport sector creates as much carbon dioxide as power generation, but faces far harsher punitive fines, said a representative from the European Automobile Manufacturers Association at the Uniti Mineral Oil Technology Congress here last week in Stuttgart, Germany.
Bosnian lube marketer Rafinerija ulja Modrica produced 45,000 tons of API Group III base oils in 2017, up more than 15 percent from 39,000 tons in 2016. The company plans to invest 800,000 (U.S. $955,680) in 2018 to improve upgrade base oil and finished lubricant operations.
Serbian lube marketer Fam recently opened a corrosion inhibitor and degreaser production unit. The government is now seeking a foreign investor following years of scandal and financial struggles under its previous owners.
The Union of the European Lubricants Industry announced last week the formation of a sustainability task force charged with developing a framework to measure the sustainability of lubricant companies.
Uzbekistans national oil and gas company said it met with a Chinese construction firm last month to discuss adding a base oil plant to a large gas-to-liquids project that the country is developing.
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