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Turmoil Continues at Delfin
Delfin Group USA terminated company President John Gordon in late April. The lube blender had fired its previous president, Markos Baghdasarian, in September 2012 following his arrest in May last year on charges of exporting aviation oils in violation of a U.S. economic embargo in Iran.
[FULL STORY]
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Group III to Take India by Storm
India’s base oil market is growing 2 to 4 percent a year, but with no expansions planned, the country will continue to
import more than half its needs. API Group III base stocks will proliferate at the expense of Groups I and II, accounting for 35 percent of engine oil demand by 2018.
[FULL STORY]
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Chevron Lubricants Leadership Changes
Colleen Cervantes will become president of Chevron Lubricants effective July 1, following the June 30 retirement of Danny Roden, the company announced. In addition, Cary Knuth will become general manager, base oils, effective June 1, succeeding Patti Leigh, who will be general manager for planning and optimization.
[FULL STORY]
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Q1 Mixed for Calumet
Calumet posted a decrease in net income and a rise in sales during the first quarter, compared to 2012’s first quarter.
[FULL STORY]
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More Valvoline Lubes for India
Valvoline Cummins Ltd. has opened a plant in India with capacity to manufacture and package 120 million liters of lubricants per year, with possible expansion to 150 million liters.
[FULL STORY]
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Oronite Projects Move Forward
Additives manufacturer Chevron Oronite last week said it is achieving milestones in four major capital projects – two in Singapore and two in France.
[FULL STORY]
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CEP to Build Rerefinery in Vietnam
Vietnam’s VN Oil has picked Chemical Engineering Partners of California to construct the country’s first used oil rerefinery, which will produce 50,000 t/y of API Group II base oil.
[FULL STORY]
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Lanka IOC Targets ASEAN Markets
Sri Lankan petroleum company Lanka IOC has been expanding its lubricant outreach to the Association of South East Asian Nations region.
[FULL STORY]
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Briefly Noted
Ergon Europe MEA added six tanks at the Sea Tank Terminal in Antwerp, Belgium, to its storage network, increasing base, process and insulating oils capacity more than 30 percent to 151,000 barrels. Cleveland-based
lubricant additive company Elco
opened a sales office in Shanghai, China, and hired Ryan Huang as business manager for China. Shell Lubricants and Kia Motors Europe extended an initial five-year technical partnership agreement to December 2016. Intertek opened a lubricant and oil condition monitoring laboratory in South Africa.
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U.S. Base Oil Price Report
The U.S. base oils market proceeded at a steady pace this week, with fundamentals characterized as largely stable. Flint Hills Resources had surprised the market last week by announcing that it would lower postings for its Group II 70, 75, 100 and 230 vis grades effective May 8.
[FULL STORY]
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Europe-MidEast-Africa Base Oil Price Report
The EMEA base oil markets appear stable, with few price changes over the last ten days. Despite many enquiries floating around mainland Europe, few deals have finalized.
[FULL STORY]
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Asia Base Oil Price Report
Base oil suppliers in Asia are striving to achieve moderate price increases for May shipments given a slight tightening of the supply/demand ratio as a result of ongoing and upcoming plant turnarounds.
[FULL STORY]
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SSY Base Oil Shipping Report
Adrian Brown is away this week.
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Lube Report (ISSN 1547-3392) is published by
LNG Publishing Co., Inc. 6105-G Arlington Blvd.
Falls Church, Virginia 22044 USA
Phone: +1 703-536-0800 www.LNGpublishing.com
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