Egypt base oil demand unaffected by political unrest, says producer

03 July 2013 15:35  [Source: ICIS news]

LONDON (ICIS)--Base oil demand in Egypt has been unaffected by the recent political unrest gripping the country, a domestic producer said on Wednesday.

Furthermore, the producer said it does not expect there to be any impact on either base oil imports or downstream lubricant demand, regardless of how the unrest develops over the coming days and weeks.

“There has been no impact [on demand]. On the contrary, demand has been increasing lately. The situation is volatile; we’re waiting to see what the army does. But lubricant demand shouldn’t be affected,” The producer said.

Although it has domestic base oil production, Egypt’s high demand means it is a net import market, with particular respect to brightstock.

A Mediterranean producer estimated the country imports around 3,000 tonnes of brightstock every 30-40 days.

By: Ross Yeo
+44 208 652 3214

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