Southeast Asia

Mixed First-half 2020 for AP Oil

Mixed First-half 2020 for AP Oil

August 21, 2020

Singaporean independent lubricant blender AP Oil posted a strong increase in net profit and lower revenue for the first ...

Vietnam Struggles to Enforce Lube Standard

Vietnam Struggles to Enforce Lube Standard

August 21, 2020

As its dependence on imported lubricants increases, Vietnam’s government is grappling with enforcement of its national ...

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Brenntag Acquires Thai Distributor

July 8, 2020

Chemicals company Brenntag acquired Thailand-based lubricants distributor Oils ‘R Us Co. Ltd. as part of its expansion ...

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Aramco Withdraws from Cilacap JV

June 5, 2020

Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indone ...

Profits Dip at Lanka IOC, Petronas

Profits Dip at Lanka IOC, Petronas

June 5, 2020

Lubricant supplier Lanka IOC reported a net loss while the lubricants business segment of Malaysian state-owned oil firm ...

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Profits Up for Thai Oil Base Oils

May 29, 2020

Stated-owned Thai Oil Group’s base oil business reported a major increase in net profit on lower sales revenue in the ...

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Palm Oil Producers Reopen in Sabah

May 8, 2020

The Malaysian state of Sabah allowed palm oil plantations and mills to reopen last month after setting conditions aimed ...

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Oil Trader Ensnared in Scandal

April 24, 2020

Hin Leong Trading, the giant oil trader at the center of one of Asia’s biggest current business scandals, is also a lu ...

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Esso Thailand’s Lube Sales Down

April 24, 2020

Esso (Thailand) Public Co.’s lubricant sales fell 5.7 percent last year, in line with a decline in the country’s sal ...

Food-grade Lube Demand Spikes

Food-grade Lube Demand Spikes

April 16, 2020

Covid-19 pandemic lockdowns in Asia have resulted in increased demand for food-grade lubricants, industry insiders said.

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Malaysian Palm Industry Wants to Reopen

April 10, 2020

Two industry associations urged the Malaysian state of Sabah this week to allow oil palm plantations and mills to reopen ...

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Asia-Pacific Leads in New Wind Turbines

April 10, 2020

Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installation ...

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Thai Oil’s Q4 Net Profit Jumps

April 3, 2020

Stated-owned Thai Oil Group’s base oil business posted a massive jump in net profit for the fourth quarter of 2019, an ...

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JV Will Make Repsol Lubes in Indonesia

February 21, 2020

An Indonesian blending plant partly owned by Repsol will begin producing the companys lubricants by April. The Spanish c ...

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SK Acquires Stake in Vietnamese Blender

February 14, 2020

SK Lubricants acquired a 49 percent stake in Mekong Petrochemical JSC, Vietnams largest private lubricant company, as pa ...

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Asean Motor Vehicle Sales Slowdown to Continue

February 14, 2020

Automotive sales in the Association of Southeast Asian Nations dropped 3 percent in 2019, but sales of two-wheelers incr ...

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Cutting Oils in Demand for Solar Panels

February 7, 2020

Vietnams increasing number of solar plant installations is boosting overseas demand for silicon wafer cutting oil used i ...

Malaysian Auto Sales Expected to Edge Up

Malaysian Auto Sales Expected to Edge Up

January 17, 2020

Malaysias vehicle sales are projected to grow 1 percent to almost 609,000 units this year, according to a forecast by Fr ...