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July 17, 2018

Volume 1 Issue 29

More Supply Looms for Base Oils

Europe, Middle East and Africa together consume 25 percent of the world’s finished lubricants, yet the region packs on more weight when it comes to base oil supply. It is home to 17.4 million metric tons a year of mineral base oil refining capacity – 30 percent of the global supply – with more coming soon, research from Lubes’n’Greases shows. read more

EU Revising Lubes Ecolabel

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The European Union is working on a revision of its Ecolabel standard for lubricants. Regulators say the proposed changes will strengthen protections for the environment while also encouraging the development of more environmentally benign products. read more

Deal Brings Oman's Lubes to Kenya

Oman Trading International, a subsidiary of Oman Oil Marketing Co., inked an agreement with Kenya’s Hass Petroleum to sell the Muscat-based marketer’s range of lubricants in the East African country. read more

Briefly Noted

Chevron Lubricants rebranded its commercial and industrial brand in European markets as Texaco Delo.  Spanish energy major Repsol said in its updated strategic plan that between 2018 and 2020 it plans to invest €6.8 billion (U.S. $7.9 billion) in its downstream – refining, chemicals, marketing, lubricants, trading, LPG, gas and power – and low emissions assets.