SIX MOST INTERESTING LUBRICANTS MARKETS IN AFRICA AND THE MIDDLE EAST
- LUBRICANT
- July 12, 2023
Cape Town, South Africa: Multinational oil corporations are exiting the African lubricant market as part of strategies to streamline business operations and ensure efficiency and profitability, stakeholders told BND at the 10th ICIS African Base Oils and Lubricant Conference in Cape Town. Siva Konar, Marketing Segment Manager, Middle East and Africa at Azelis, said that major
READ MORECape Town, South Africa: Insecurity, currency fluctuation, and logistic challenges are limiting the expansion of the Nigerian lubricant market into the West African sub-region, said stakeholders of the Nigerian lubricant at the 10th ICIS African Base Oils and Lubricant Conference in Cape Town, South Africa. “There is a lot of growth in West Africa,” said
READ MORECape Town, South Africa: The African lubricant market is not a dumping ground for lubricants that are not fit-for-purpose, said stakeholders at the 10 th ICIS African Base Oils and Lubricant Conference in Cape Town, South Africa. “Lubricant oils that do not meet minimum quality standards should not be allowed into the African continent,” said
READ MOREBy 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
READ MOREForex, 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
READ MOREThe 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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