Stringent environmental regulations and tighter emission standards continue to drive the need for higher-grade automotive lubes, propping demand for superior-grade base stocks. The Iranian market has begun to see a transformation on the user front, that is expected to impact the base oil production scenario in the country in the near-future.
Download this market insight by ICIS editors Veena Pathare and Jasmine Khoo and ICIS Head of Middle Eastern Engagement, Fadhil Muhamad, which takes a look at some of the recent developments on the sanctions on Iran and its implications on petrochemical markets. The insight piece goes on to analyse the base oils industry in Iran and the increasing need for a product upgradation.
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