Abu Dhabi's state-owned Adnoc has appointed Trafigura as the exclusive seller of its Group III base oils in Latin America. Adnoc produces 500,000 t/yr of Group III base oils and 100,000t of Group II base oils at its Ruwais refinery. The refinery produces 2cst, 3cst, 4cst, 6cst and 8cst base oils. Group III base oils production began at the Ruwais refining complex in April 2016. Group III base oils are typically used to manufacture high quality, full synthetic passenger car engine oils. The Abu Dhabi company signed an exclusive agreement with Netherlands-based downstream distributor Penthol in May 2017 to sell its ... (full story)