When the United States reinstates sanctions on Iran’s oil industry in November, close to U.S. $47 billion of exports are likely to be hit hard. Gauging the impact on future base oil shipments has been difficult because of a dearth of accurate data, but a recent conference presentation by one refiner depicts the Islamic Republic’s base stock business as a major source of export revenues. read more
September 25, 2018
Volume 1 Issue 39
Emirates National Oil Co. signed an agreement to allow marine bunkers and lubricants consulting company Baluco to distribute its marine lubricants in Germany, the Netherlands and Belgium. Ulm, Germany-based lubricants manufacturer Liqui Moly signed a two-year sponsorship with the Chicago Bulls of the National Basketball Association in the United States.