EMEA News
Gazpromneft-Lubricants Boosts Russian Market Share to 36%
Gazpromneft - Lubricants, Ltd. (Gazpromneft-Lubricants) Thursday announced that it increased its share of Russian marine lubricants shipments by 10 percent in 2016, increasing its leading market share to 36 percent.
"We achieved top results in 2016 in marine lubricants due to the systematic expansion of the supply network in all ports of Russian Federation, setting up efficient client and marketing support, and expanding our unique technical services," said Alexander Trukhan, General Director of Gazpromneft-Lubricants.
"Our strategy is aimed at further expanding the marine lubricant line, where we plan to introduce a new brand of specialized lubricants onto the market."
The company says it sold 14,000 tonnes of lubricants for the marine industry in 2016, a 55 percent increase compared to the previous year.
Gazpromneft-Lubricants' product shipments to foreign ship owners in Russian ports are said to have more than doubled, increasing to 2.2 thousand tonnes, while imports of marine lubricants to the Commonwealth of Independent States (CIS) and the Baltics also saw an increase, growing 2.5 times to 1.5 thousand tonnes.
