Tata partners with Valvoline Cummins for exclusive product range, while Saudi Aramco and Hyundai Heavy Industries subsidiaries announce a deal to give Aramco broader downstream growth.
Valvoline has begun building a new $35 million headquarters on in Kentucky
Ashland is to create two separate companies with Valvoline out on its own.
Unlike the oil majors, the chemical and downstream specialists showed buoyant Q2 figures.
Valvoline and parent company Ashland reported mixed Q2 results as a deal is struck with TNK-BP to market lubes in Russia
Oil majors and lubes producers continue to make significant profits, but Q4 figures reflect a tough end of year for most.
Ashland has sold part of its specialist synlubes operations and settled on a distributor in Cambodia.
Q2 results mixed for the major oil and lubes producers.
Valvoline has launched a new brand of motor oil containing re-cycled lubes
A coalition of associations and oil producers is challenging the Dexos standard under competition and trading practice regulations.