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Nigeria: GP Global acquires lubricants business

The UAE’s GP Global announced on 15 April that it had acquired the lubricants assets of Nigeria’s Grand Petroleum. The acquisition includes the HiSpeed lubricants brand and a 50,000 t/yr blending plant in Lagos. “Nigeria is one of the core markets for our lubricants and base oil business with a significant opportunity now opening up to expand our presence in Africa.

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