Turkey’s base oils importers form new company Glenberg Energy

13 October 2010 16:19  [Source: ICIS news]

DUBAI (ICIS)--Three companies active in Turkey’s base oils market have created a joint company, Glenberg Energy, to coordinate their import activities, the managing director of the new company said on Wednesday.

Glenberg’s three constituent companies – Selco, Aktas and Nanda Petrol – would continue to compete with each other in selling base oils in the domestic market, Esra Pelitozu said.

She was speaking on the sidelines of the 7th annual ICIS Middle Eastern Base Oils and Lubricants conference in Dubai, United Arab Emirates.

Glenberg would handle monthly imports of around 50,000 tonnes of base oils, Pelitozu said. The joint-import arrangements would simplify logistics and reduce costs.

Until forming Glenberg, the three companies typically imported base oils in cargoes of 2,000-4,000 tonnes at a time.

The new company would be able to consider buying cargoes of up to 20,000 tonnes, Pelitozu added.

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By: James Mills
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