Africa

Ardova Opens Lagos Blending Plant
An Ardova tanker at an Ardova fuel station in Lagos. ©Tolu Owoeye / Shutterstock

Ardova Opens Lagos Blending Plant

December 4, 2024

Nigerian energy company Ardova has opened a sparkling new lubricant blending plant in Apapa, a district of the capital L ...

Chevron Marine Lubes to South Africa

Chevron Marine Lubes to South Africa

November 13, 2024

Chevron Marine Lubricants will extend its global supply network to Port Elizabeth in South Africa, allowing it to supply ...

NNPC Denies Malta Connection

NNPC Denies Malta Connection

August 28, 2024

Officials from the Nigeria National Petroleum Corp. opened an illicit lubricant blending plant in Malta in order to unde ...

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Prospects from Sapref Buy-out Debated

August 14, 2024

The state’s acquisition of the Sapref refinery in Durban could revive local base oils production in South Africa’s i ...

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Ola Blends for ExxonMobil in Morocco

July 2, 2024

ExxonMobil entered an agreement to have its lubricants toll blended in Morocco by Ola Energy, the latter company announc ...

MRS Oil Records Jump in Earnings

MRS Oil Records Jump in Earnings

May 28, 2024

Nigerian blender MRS Oil Nigeria reported large increases in gross profit and sales revenue for its lubricants segment i ...

Vivo Lube Earnings Rose in 2023

Vivo Lube Earnings Rose in 2023

April 30, 2024

Vivo Energy, which distributes lubricants to retail and commercial customers across Africa, reported a 10% increase in e ...

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Joint Venture Builds Lube Plant in Angola

April 16, 2024

Angolan energy company Etu Energias and Malaysian lube marketer Glide Technology Sdn announced they will form a joint ve ...

Conoil Profit Falls on Lower Sales

Conoil Profit Falls on Lower Sales

February 27, 2024

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants s ...

MRS Posts Big Earnings Jump

MRS Posts Big Earnings Jump

February 20, 2024

Nigerian blender MRS Oil Nigeria Plc reported a 154% jump in gross profit for its lubes segment for the full year, on a ...

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Grease from Jojoba and Banana Peels

January 9, 2024

Egyptian researchers reported developing a grease made with base stock from the jojoba plant and nano chemical additives ...

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Fuchs Expands in South Africa

December 11, 2023

Fuchs Lubricants announced it is investing 218 million rand (U.S. $11.4 million) in the second phase of an expansion tha ...

Conoil Earnings Down, MRS Oil Up

Conoil Earnings Down, MRS Oil Up

November 14, 2023

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, whil ...

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Hindustan Lube Sales Jump

October 13, 2023

Hindustan Petroleum Corp. Ltd. reported a 15% bump in lubricant sales for the fiscal year ended March 31, boosted by a 2 ...

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Forecast: European Demand Will Slightly Shrink

October 10, 2023

Europe’s finished automotive and lubricant demand is forecast to decrease at a compound annual rate of 0.1% to 2032, h ...

First Half Lube Profits Fall for Vivo Energy

First Half Lube Profits Fall for Vivo Energy

August 29, 2023

African distributor Vivo Energy reported double-digit declines in profit for its lubricant segment and a 5% decrease in ...

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Ardova Delisted After Acquisition by Ignite

August 22, 2023

Nigerian fuel and lubricant supplier Ardova Plc has been delisted from Nigeria’s biggest stock exchange after an inves ...