Sibneft Launches New Lubricants Line

Moscow, 25 July 2001; Sibneft has launched a new automated dispensing line for motor lubricants, more than tripling production capacity to 2,500 tonnes per month from 760 tonnes currently.

Once the new line is operating at full capacity, Sibneft will become Russia's second largest producer of motor lubricants. The new facility at the company's Omsk refinery uses equipment supplied by Swiss equipment manufacturer SIG Blowtec and incorporates safeguards against counterfeit canisters.

Sibneft plans further investments in its lubricants business, enabling the company to launch production later this year of Russia's first fully synthetic lubricants, corresponding to the American Petroleum Institute's SL standard. The company also aims to boost monthly production of all lubricants by one third to over 20,000 tonnes by early next year.

"Sibneft aims to secure a large increase in its share of the market for high quality lubricants," Sibneft president Eugene Shvidler commented. "The company will this year begin sales of lubricants under its new Sibi Motor brand name. Sibneft is also considering plans for the production of high quality lubricant additives in partnership with an industry leader in this field."