Chevron announced last week that its affiliate, Chevron Belgium N.V., has signed an agreement with WhiteChem, SA, Geneva, Switzerland, to use its Istanbul-based agent Ekin Kimya as the authorized distributor of Chevron premium base oils and process oils in Turkey. Ekin Kimya will offer Chevron Group II products, Chevron Neutral Oil 100R, 220R and 600R as well as Chevron’s Process Oils 1001, 2401 and 6001.

French oil major Total last Thursday said it fared better in 2015 than its oil industry rivals during the past year. Net income for 2015 was $10.5 billion, down 18% from the previous year. By contrast BP and Shell reported that their profits fell by more than 40% last year. Total said that even though oil prices plummeted around 50% in 2015 the group was able to limit the decline of its full-year profits.

PETRONAS has announced the appointment of Mr. Giuseppe D’arrigo as the new Group Managing Director/Chief Executive Officer of PETRONAS Lubricants International (PLI). He is currently its Regional Head of Europe and will assume all responsibilities as the new MD/CEO of PLI effective March 1, 2016, taking over from current MD/CEO Encik Amir Hamzah Azizan.

ExxonMobil has sold its remaining stake in TonenGeneral Sekiyu KK, Japan's second-largest oil refiner by capacity. The sale will not change TonenGeneral's existing tie-up with ExxonMobil, including brand usage, lubricant oil manufacturing and technical support in refining, the Japanese firm said in a statement.

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