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July 30, 2019

Volume 2 Issue 31

Lukoil Lube Sales Rose in 2018

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Lukoil sold 875,000 metric tons of finished lubricants in 2018, up from 863,000 tons in 2017, according to the Russian company’s latest performance report. It attributed the increase to growing domestic demand for petrochemical products. read more

Rerefining Subsidies Hiked in Spain

The non-profit organization that manages the recycling of used lubricants in Spain raised its subsidy for oil collection and rerefining by 17 percent during the second quarter in order to offset declining base oil prices. read more

Briefly Noted

Total named Marius Vermeulen sales director for lubricants in Germany earlier this month. Vermeulen replaces Patrick Schnell.  Piraeus, Greece-based Shipoil, a marine lube trader, selected Inatech to digitalize its trading and supply operations.