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November 12, 2019

Volume 2 Issue 46

Iranian Exports Redirect to Iraq

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Iraq has emerged as Iran’s main export market for base oils as the weight of United States sanctions shut down the Islamic Republic’s traditional trade routes. Base oils are being trucked overland to neighboring Iraq, with unconfirmed reports saying they are re-exported as Iraqi-origin base stocks. read more

Free Trade Agreement Benefits African Blenders

The African Continental Free Trade Agreement that went into force in May benefits Africa’s lubricants blenders by reducing tariffs and other barriers to doing business with other countries within the continent, industry insiders said Nov. 6 at a conference in Cape Town, South Africa. read more

Electrics Forecast to Cut PCMO Demand

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Kline & Co. consultants predicts that passenger car motor oil demand in most of the largest auto markets will decrease at a compound annual rate of 0.1 percent through 2040 due to the impacts of electric vehicles, without which demand would rise at 0.9 percent annually. read more

Briefly Noted

Infineum officially opened its new Global Center of Innovation research and development center at its headquarters in Milton Hill, Oxfordshire, United Kingdom. The multi-million pound investment in the site generated more than 50 new jobs for chemists and engineers, the company announced, to research better and more sustainable solutions in the automotive, transmissions and fuels additives business.