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Gulf Oil Lubricants India inks agreement with S-Oil to produce lubricants in India

September 30/2020

MOSCOW (MRC) -- S-Oil will begin its first overseas manufacturing and distribution of lubricants in India, the company said.

According to the South Korean refiner, it has partnered with a local company Gulf Oil Lubricants India to directly manufacture and distribute its premium lubricant product S-Oil Seven in the country.

In August, S-Oil began the production of S-Oil Seven at Gulf Oils factory located in Chennai on the southeast coast of India and the company will launch the product in the local market starting the fourth quarter.

S-Oils lubricant production in India has been possible thanks to the long-term partnership with Gulf Oil based on mutual growth, S-Oil CEO Hussain A. Al-Qahtani said.

S-Oil has been exporting lube base oil -- a raw material for lubricants -- to Gulf Oil since 2006. India is the worlds third largest lubricants market.

As MRC reported earlier, S-Oil, South Korean petrochemical major, took off-stream its residue fluid catalytic cracker (RFCC) unit for a turnaround in June, 2020. The company undertook a planned shutdown at the unit by early-July, 2020. The unit remained off-line for about two weeks. Located at Onsan, South Korea, the RFCC unit has a propylene capacity of 705,000 mt/year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, S-Oil.
Category:General News
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