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February 2, 2018

Volume 5 Issue 5

India’s Base Oil Boss Changes Hands

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Oil and Natural Gas Corp. yesterday purchased a controlling stake of fellow state-owned oil company Hindustan Petroleum Corp. Ltd., India’s largest supplier of base oils. read more

Profits Up for SK, S-Oil, Apar

Korean base oil refiners SK Lubricants and S-Oil realized increased revenue and operating profits for full year 2017 due to a wider base oil spread in 2017, while profits jumped for India’s Apar’s transformer and specialty oils segment during its third quarter. read more

Briefly Noted

Prestone, a United States-based supplier of coolants and brake fluids, launched in the Philippines a range of branded motor oils formulated for tropical climates. The products are blended in Singapore and meet American Petroleum Institute specs.  Emirati firm Gulf Petrochem rebranded to GP Global to reflect its goal of becoming a more international corporation. GP supplies Ipol lubricants in India through its subsidiary GP Petroleums Ltd.  Asia-focused specialty chemicals distributor Connell Brothers signed an agreement to distribute South Korean firm Songwon Industrial Co.’s fuels and lube additives, including aminic, phenolic and phosphite ranges, throughout India.