Middle East

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Mixed Financial Results for Luberef

August 14, 2024

High base oil prices and sterling volume sales didn’t translate into profitability for Saudi Aramco Base Oil Co., kn ...

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Partnership to Bring Graphene to Middle East

May 21, 2024

HydroGraph Clean Power Inc. announced today it will collaborate with Gulf Cryo LLC to produce, distribute and sell of Hy ...

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Apar Forms Saudi Arabia Subsidiary

April 2, 2024

The board of directors of Apar Industries Ltd. approved establishment of a wholly owned subsidiary in Saudi Arabia to pr ...

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China Base Oil Imports Dipped in 2023

March 22, 2024

China base oil imports fell 2% in 2023 – a slowdown in the country’s decreasing reliance on foreign oils. China has ...

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Russian Base Oil Exports Keep Falling

March 19, 2024

Russian base oil exports by sea dropped by 10% in 2023 to 260,000 metric tons, as the European Union imposed an embargo ...

Luberef Earnings Fell in 2023

Luberef Earnings Fell in 2023

March 5, 2024

Luberef reported a 24% drop in net profit for full-year 2023 as the effects of decreased crack margins more than offset ...

Profits Up for Castrol, Down for Luberef

Profits Up for Castrol, Down for Luberef

November 7, 2023

BP reported that profit for its Castrol lubricants business rose 23% because of higher margins, and Luberef reported a 2 ...

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Africa Demand Spurred by Economic Growth

October 23, 2023

Lubricant consumption in Africa is forecast to grow at a compound annual rate of 2.4% over the next five years, an offic ...

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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 ...

Earnings Rise for Fuchs, Luberef

Earnings Rise for Fuchs, Luberef

August 1, 2023

Fuchs SE reported a 10% increase in net profit on 7% greater sales revenue for the second quarter, citing continued impa ...

European Grease Output Nearly Steady in 2022

European Grease Output Nearly Steady in 2022

June 27, 2023

European grease production declined slightly in 2022, dipping less than a third of one percent compared to the prior yea ...

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Luberef Boosting Yanbu Output

June 13, 2023

Luberef has contracted to increase the amount of feedstock supplied to its base oil plant in Yanbu’al Bahr, Saudi Arab ...

Profits Down for Castrol, Up for Luberef

Profits Down for Castrol, Up for Luberef

May 9, 2023

Citing higher costs, BP reported that profits for its Castrol Lubricants business fell 37% in the first quarter, while L ...

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Luberef Expansion Will Add 230,000 T/y

February 28, 2023

Luberef said Sunday that a previously announced expansion of its base oil plant in Yanbu’ al Bahr, Saudi Arabia, will ...

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Aramco Subsidiary Absorbs Motiva Trading

January 25, 2023

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker ...

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Petromin Reportedly Prepares IPO

January 17, 2023

Saudi Arabian lubricants blender Petromin plans to raise up to $1 billion via an initial public offering, Bloomberg repo ...