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September 25, 2018

Volume 1 Issue 39

Iranian Exports Between Sanctions

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

Engen Selling Service Stations to Vivo

Vivo Energy plc has a revised agreement to acquire Engen Petroleum’s operations in eight African countries. The deal has the potential to expand the penetration of Shell’s lubricant brand in sub-Saharan Africa, an industry observer said. read more

Gazprom Introduces Packaging Line in Omsk

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Gazprom Neft’s lubricant blending plant in Omsk, Russia, introduced a packaging line that increases filling capacity and boosts production efficiency, the company said last week. read more

Briefly Noted

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.