A number of recent reports are painting a synthetic landscape for the lubricants industry between now and 2020, but does it herald the demise of Group I base oils?
Tide Water Oil, an associate of Andrew Yule group, is considering the African markets for its lubricants manufactured under Veedol brand.
Enoc has opened a second blending plant in Dubai and will open plants in Africa and china.
Oil revenue will fall for many energy exporters but importing countries will see benefits from the drop in oil prices.
The Chinese oil and gas giant is stepping up exports and forming local partnerships\n
Elite Chinese military unit has been sent to West Africa to help combat the outbreak\n
A slowing global economy could impact on a lubes industry also under pressure from the drive for fuel consumption and emissions reduction, while developing nations have mixed results in the battle for lubes production self-sufficiency.
Nigerian Lubes Markets will rise to N175 billion in 2014 and has been projected to hit to N250 billion by 2015.
In an effort to cut carbon emissions, Boeing and South African Airways have developed a jet fuel made from a hybrid tobacco
Nigerian authorities are collaborating to combat production of fake lubes, including plant raids