It is reported that Gazpromneft-Lubricants and Chevron signed a license agreement on the ship motor oil production.

It will permit the above sub to become a supplier of a wide spectrum of lubricants.

The agreement stipulates lubricants production under the Texaco brand at Omsky and Moscow lubricant plants included into Gazpromneft Lubricants.

The production is assumed to be launched in March 2012.

Source - AK&M

(www.steelguru.com)