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August 31, 2016

Volume 17 Issue 52

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Azerbaijan Hints at Modern Lube Production

Azerbaijanís economy ministry recently said the state-sponsored Sumqayit industrial park could include construction of a lubricant blending facility, weeks after a state investment promotion fund announced plans to build an API Group II/III base oil plant at the same location. Some market observers expressed doubts about the viability of the two projects.