BP agreed last week to sell its ground fuels marketing business in Greece to Hellenic Petroleum for €359 (US$504) million subject to various adjustments at closing. BP will still have a significant presence in Greece as the automotive, industrial and marine lubricants businesses will continue to operate as part of the BP Group.

Lubrizol has announced the launch of its premium Lubrizol® 5288 grease additive. This new additive technology extends re-greasing intervals, delivers longer bearing grease life, minimizes bearing failure and provides superior performance under high operating temperature conditions.

Shell Lubricants has added synthetic based Shell Tellus EE to its hydraulic oil range that results in an increase to the energy efficiency of hydraulic systems. Shell Tellus EE, formulated in response to customers’ concerns over energy usage and associated costs, has been shown to help companies reduce the energy consumption of their hydraulic machinery by an average of 8 percent.

Naveen Kshatriya, previously MD & CEO of Castrol India Limited, has been appointed Regional Vice President, Asia & Pacific, BP Castrol Lubricants. Also, Ravi Kirpalani has been appointed Chief Operating Officer & Automotive Director of Castrol India Limited.

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