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  • Dangote Refinery Not Designed for Local Base Oils Consumption

    Dangote Refinery Not Designed for Local Base Oils Consumption0

    By Our Reporter Nigeria’s Dangote Oil Refinery was not designed to meet local base oils challenges, stakeholders in the Nigerian lubricant market told B&L. “Well, any economic development that will affect the general well-being of Nigerians will likely improve the uptake of lubricants,” Taiye Williams, managing director of Lubcon International, told B &L. “I would

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  • Forex, Base Oil Prices Beset Nigerian Lubricant Market0

    Forex, Base Oil Prices Beset Nigerian Lubricant Market By Our Reporter Stakeholders have identified instability in the foreign exchange market and rising base oils prices on the international market as headwinds buffeting the Nigerian lubricant market. Taiye Williams, managing director of Lubcon International emphasised that the major challenges confronting the Nigerian lubricant market are issues

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  • Russian-Ukrainian War Upsets Base Oil Supply in Nigeria

    Russian-Ukrainian War Upsets Base Oil Supply in Nigeria1

    The Russian-Ukrainean war is causing an upset to the supply of base oils in the Nigerian lubricant market, stakeholders told BND. According to Nigerian lubricant blenders, the war between Russia and Ukraine has led to the opening of shipping routes in the global North, especially the US, Europe, the Middle East, and Kazakhstan. “The Russian-Ukrainian

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  • SIX MOST INTERESTING LUBRICANTS MARKETS IN AFRICA AND THE MIDDLE EAST

    SIX MOST INTERESTING LUBRICANTS MARKETS IN AFRICA AND THE MIDDLE EAST0

    Accounting for approximately 8% of the global finished lubricant demand, Africa and the Middle East is a region ripe for growth. The region is forecast to grow at a modest compound annual growth rate (CAGR) of 3% until 2019. Infrastructure and a modernizing vehicle parc will play a role in altering the landscape for finished

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