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September 4, 2018

Volume 1 Issue 36

Middle East Lubes Still Promising

Worries about the Middle East finished lubricants market have dominated recent news headlines, but according to one industry veteran, the outlook for the sector holds promise in the medium term. read more

Gazprom Posts Strong First Half Sales

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Gazpromneft-Lubricants reported that it sold 319,000 metric tons of base oils and finished lubricants during the first half of 2018, a 20 percent increase from the same period of 2017. Officials attributed the improvement to sales growth in Russia and abroad. read more

Synthetic Base Stock Supplies Rising

Global capacities for API Group III base oils, polyalphaolefins and polysobutenes have all increased significantly in the past decade. Lubes'n'Greases’ newly published 2018 Nonconventional Base Stock Guide provides data on sources for those and four other key types of synthetic base stocks. read more

Briefly Noted

Italian ship owner Grimaldi Group SpA will install United Kingdom-based Silverstream Technologies’ proprietary air lubrication technology – which reduces frictional resistance between water and hull via a thin layer of micro-bubbles on a vessel’s flat bottom – on 12 vessels being built over the next three years.  U.S. testing, instrumentation and technical support provider Koehler Instrument Co. signed a distribution and service agreement with German tribological modeling, simulation and analysis company Optimol Instruments Pruftechnik GmbH for its existing SRV greases test system users in North and Central America, as well as some Middle East and South East Asia markets.

Correction

The Aug. 28 Lube Report EMEA article, “Slack Waxes in Demand in Europe,” contained an error about the ownership of ExxonMobil’s refinery in Augusta, Italy. The sale of that refinery to Sonatrach is still pending and is expected to be finalized in the first quarter of 2019. ExxonMobil also stated that only one of four wax trains at its Port-Jerome, France, refinery is operating at lower levels than normal, and that one only “a little bit” lower.