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May 7, 2019

Volume 2 Issue 19

Middle East May Shift to Better Lubes Faster

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More than 26 million new light vehicles will enter the Middle East vehicle parc between now and 2023, and that could speed the shift to higher quality lubricants in the region, an additive supplier predicts. read more

Serbian Base Oil Plan Shelved

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Russian oil major Gazprom Neft confirmed that plans to build a base oil plant at a Novi Sad, Serbia, refinery owned by its subsidiary have been postponed indefinitely. read more

Fuchs’ Q1 Profits Drop

Independent lubricants blender Fuchs Petrolub SE reported that its earnings after tax declined for the first quarter of 2019, and revenues for the quarter were unchanged, compared to the same period in 2018. read more

Briefly Noted

Al Mustaqbil Al Zahir Cars Trading will distribute Lukoil lubricants products in the United Arab Emirates after the two companies entered into an agreement.