Newsletter Sponsored by Infineum

Monday, March 11, 2013   VOLUME 9 ISSUE 10  
Back to the Newsletter
Newsletter Sponsored by Evonik
 Newsletter Sponsored by HollyFrontier
Newsletter Sponsored by Neste Base Oils
 Newsletter Sponsored by Neste Base Oils
Newsletter Sponsored by ICIS
 Newsletter Sponsored by ICIS
Newsletter Sponsored by BLM
Newsletter Sponsored by BLM
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Subscribe, Unsubscribe or Change Your Options
Click Here to Subscribe, Unsubscribe or Change Your Options
Petron Exits Lubes Business

Petron Malaysia Refining & Marketing Bhd, part of Philippine oil refiner and marketer, Petron Corp., has exited the lubricant business because "the challenges of the local lubricants market would require extra allocation and other resources" on the part of the Petron group. The company stated that the loss of profit contribution from the sales of a new brand of lubricant to the company’s profitability would not be materialised.

In an exchange filing on March 1, the company said it will focus on its retail fuels marketing business and commercial business including liquefied petroleum gas (LPG), industrial and wholesale fuels and aviation fuels. It also has a strong presence in petroleum refining and supply/distribution, elements within Petron that support its retail and commercial businesses.

The company estimated that the marketing efforts to introduce a new brand of lubricants in the Malaysian market would not yield immediate returns. The petroleum products maker and distributor said its resources would be more beneficially utilised in fuels marketing and commercial businesses where there is certainty of higher return on investment (ROI).

On March 30, 2012, 65% of the voting shares in PMRMB (then ‘Esso Malaysia Berhad’) owned by ExxonMobil International Holdings Inc was acquired by Petron Oil & Gas International Sdn Bhd, an indirect wholly-owned subsidiary of Petron Corporation. As announced on the same day, among the inter-company agreements PMRMB had with Exxon Mobil Corporation affiliates (that were terminated) was the lubricant and specialty supply arrangement between PMRMB and Exxon Trading Asia Pacific Pte Ltd. Exxon Mobil Corporation’s proprietary ‘Mobil’ branded lubricants were carved out of the acquisition agreement between Petron Corporation and ExxonMobil as ExxonMobil wished to retain its lubricant brand and have control over its branded lubricant business in Malaysia.

PMRMB (in the interim following the acquisition by Petron) continued to allow its petrol station dealers to stock ‘Mobil’ branded lubricants which the dealers could acquire directly through ExxonMobil appointed distributors in Malaysia. PMRMB also made arrangements for its petrol station dealers to acquire ‘Petron’ branded lubricants directly from appointed 3rd party lubricants distributors. This arrangement with 3rd party lubricant distributors to supply ‘Petron’ branded lubricants directly to PMRMB’s petrol station dealers and motorist will continue even after PMRMB exits the Lubricants business.

Newsletter Sponsored by Lubrizol
 Newsletter Sponsored by Lubrizol
Reference Center

Global Lube Base Oil Specifications

API Group I
API Group II
API Group IV
API Group V

March 4, 2013
February 25, 2013
February 18, 2013


Interested in posting a job position within your company to a targeted audience?

Circulation Audited by BPA Worldwide 

Please send all comments and correspondence to

Published by Lubrication Technologies, Inc.
Copyright © 2013 Lubrication Technologies, Inc.. All rights reserved.
Privacy Policy
Powered by IMN