Asian refiners have long helped quench the world’s thirst for API Group II and III base stocks, but they will face growing competition both abroad and at home from suppliers in the Middle East and elsewhere, according to ICIS analysts. read more
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November 14, 2017
Volume 4 Issue 46
Castrol India Ltd. reported that third-quarter net profit increased 27.5 percent thanks to lower expenses and higher income in the “other” category. Balmer Lawrie & Co.'s second-quarter operating profit from its greases and lubricants segment increased 8 percent. Tide Water Oil Co.'s standalone second-quarter net profit surged 27 percent. read more
PT Pertamina Lubricants signed a U.S. $3 million deal with Italian Petrol Co. that will see its products marketed in Italy for three years and signed a memorandum of understanding with Jebrs 13 Group, a potential distributor in Johannesburg, South Africa. It also forged new alliances with fellow Indonesian state-owned firms PT Kereta Api Logistik and PT Patra Logistik for national delivery and warehousing, respectively, of its lubricants.