Shell Neft is set to incras productions at it's Russian plant as research shows positive consumer sentiment and improved lubes markets
Gazprom's Omsk refinery continues to develop while Shell is set to double its retail sites.
The global legislative drive to reduce the burn of fossil fuels and enhance air quality is setting challenges for the lubricants industry as OEMs are forced to seek alternative power sources for vehicles and other modes of transport. How the industry responds will be critical over the next few years.
The latest research shows motor lubes demand is set to grow as Daimler announces a new Russian factory and the used car market flourishes.
The Russian majors are looking to increase Group II and III production at the facilities over the next three years.
Rosneft bought a 50.08% stake in Bashneft and 49% of Indian-based Essar Oil.
Will Brexit and the challenges of global economics outweigh the influence of new vehicle technologies and the internet in influencing the lubricants sector?
Murmansk bunkering is to provide round-the-clock supply as Caterpillar sets up a Singapore marine hub.
Regulators have introduced a new standard for heavy-duty motor oils effective next year in Russia and the Commonwealth of Independent States.
Short-term conflict within OPEC, but Exxon predicts oil will still be the main provider for increasing global energy demand.