Group II Gaining Traction in Africa
- NEWS
- December 25, 2014
President Donald Trump’s trade tariff is negatively impacting lubricant markets across the African continent, stakeholders told Blenders ‘N” Dealers. “The trade tariff has increased the cost of raw materials, especially Group III base stocks, bio-based lubes, synthetic lubes and additives,” said Emmanuel Ekpenyong, Aviation Operations Manager, Puma Energy Tanzania. He added that, “The cost increase,
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
READ MORENo Cause for Concern Over Shell’s Exit
READ MOREBy Our reporter The lubricant producers association of Nigeria (LUPAN) has condemned a new policy that empowers the Nigerian Midstream and Downstream Petroleum regulatory Agency (NMDPRA) to issue import license for the importation of lubricants to Nigeria. “The policy will sound a death to the entire existing blending plants in the country, that are currently
READ MORECape 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
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