Marking the fifth anniversary of its presence in the Southeast Asian marine lubricants market, LUKOIL Marine Lubricants hosted a reception in Hong Kong. The event was attended by over 50 key clients of LUKOIL, including BSM, Fleet Management Limited, FW, Misuga Kaiun, Anglo-Eastern, Wallem Shipmanagement, OOCL, China Merchants Group and other leading shipping companies which operate in China, Taiwan and Hong Kong.
“Over the last few years, LUKOIL Marine Lubricants has developed into a large international player and currently accounts for over 10 percent of the marine lubricant market. In particular, the company grew significantly thanks to its partners from Southeast Asia who believed in its innovative products and services,” stated Viktor Zhuravsky, CEO of LUKOIL Marine Lubricants.
“In the fastest-growing Asia-Oceania region, we plan to actively promote our products not only for the marine industry but also for the automotive and industrial sectors. China remains one of our top-priority markets. We continue to strengthen our position in the region given the significant growth of interest in LUKOIL lubricants here. In the near future, we plan to set up a subsidiary company in China,” said Maxim Donde, General Director of LUKOIL Lubricants Company.
About LUKOIL and LUKOIL Marine Lubricants
LUKOIL is the leading Russian company in exploring, producing, refining and marketing petroleum products. LUKOIL was established in 1991 through the merger of a group of oil-and-gas production companies located in the western Siberian cities Langepas, Urai and Kogalym, whose initials form the acronym LUK. In 2007 LUKOIL decided to bring its expertise in lubricants technology to the marine industry. LUKOIL Marine Lubricants was founded as a global sales and marketing business focusing on the production and sales of marine lubricants worldwide. Since then the company already positioned itself as technology leader with the introduction of the first 100 BN cylinder oil as the answer to severe corrosive wear issues of modern engines and the development of iCOlube®, an onboard unit for intelligent cylinder oil lubrication.
For more information, visit www.lukoilmarine.com