Asia/Pacific News
Singapore Unit of Gazpromneft Marine Lubricants to Be Wound Up
Tuesday July 2, 2024
The Singapore unit of Russia's Gazpromneft Marine Lubricants is set to be wound up.
Gazpromneft Marine Lubricants Pte Ltd decided to arrange a voluntary liquidation at an extraordinary general meeting on June 21, the company said in a notice in Singapore's Government Gazette on Monday.
Dmitriy Aleksandrovich Bakulin has been appointed as liquidator for the purposes of the winding-up of the company, according to the notice.
The firm set up its Singapore operation in October 2019, and started lubricant production in the city-state later the same year. The company said in 2019 that it was seeking to increase global sales to 100,000 mt/year by 2030.
