How does B2B trade impact commodity markets like base oil in West Asia?
Base oil, a fundamental raw material in the production of lubricants such as engine oil, holds significant importance in the Middle Eastern and West Asian commodity trade. Base oil serves as the backbone for various products, including bitumen, paraffin, and petroleum coke, making its trade dynamics critical to regional economic activity. In Southwest Asia, the brokerage of base oil thrives due to a robust network of verified exporters and importers facilitated by B2B marketplaces and trade platforms. These platforms enhance supply chain solutions by enabling direct communication between commercial players and promoting regional product listings. The engine oil market in West Asia underscores the increasing demand for high-quality base oil. The trade trends in this region reflect the growing integration of base oil into broader petroleum-based commodities, such as bitumen and asphalt. Bitumen, essential for road construction, and asphalt are heavily traded in the Middle East, aligning with infrastructure development goals. Similarly, petroleum coke (petcoke), another byproduct, is widely used in industrial applications, with key suppliers and manufacturers concentrated in West Asia.
Paraffin, available in liquid and solid forms, plays a pivotal role in the regional market. Derived from crude oil, its trade is expanding due to its versatile applications, ranging from candle production to industrial coatings. The Middle East and West Asia are evolving into hubs for paraffin intermediaries, further bolstered by efficient supply chain frameworks. Aritral, an AI-powered B2B trade platform, offers verified listings, market insights, and brokerage solutions, supporting commercial players in navigating the complexities of international trade for base oil and related commodities. By leveraging such platforms, businesses gain access to new markets, increased visibility, and streamlined operations in the engine oil and base oil sectors.
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Mohammad Javad Baqeri 2 weeks ago
Iran
Aluminum, iron and steel, pickles, dried fruits and groceries, saffron and spices, metal waste, gold, tar, dairy products, jam and honey, copper, silv
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Mj Trading 7 months ago
Bahrain
Base Oil
Superior quality: Refined to perfection to achieve maximum efficiency. High viscosity index: Ensures stable performance at varying temperatures. Excel...
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Moslem Ahmadi 7 months ago
Iran
Export of vegetables from Iran and import of other goods to Iran in barter or cash
Hello Our company is an Iranian supplier and extensively imports and exports food products, minerals, industrial and construction materials We are cur...
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Amr Elhawary 10 months ago
Egypt
Synthetic oils and additives for oils and greases
I am considering introducing synthetic oils produced in Georgia to Egypt, as Egypt is a large market with many users. This also includes various types...
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Ahmadreza 10 months ago
Iraq
Sale of bitumen, diesel and naphtha
Bitumen producer with grades 6070 and 5070 in jumbo and bulk diesel producer with different standard naphtha producer with low sulfur and mercaptan
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Karaveli Petrol Urunleri Ltd Sti 10 months ago
Turkey
petroleum products, urea, sulfur, aluminium zinc
petroleum products urea sulfur gasoline diesel crude oil aluminium zinc copper
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Yasir 12 months ago
Yemen
Precious Stones
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Gplus 15 months ago
Turkey
Gplus (G+)
Gplus is an oil production company established in 2021 and has obtained a mineral oil production license. It continues its production in its facilitie...
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Arbenco Petrochemical Company 16 months ago
Bahrain
I have 50 thousand tons of methanol. Do you buy or do I have a customer for them?
For sale: 50 thousand barrels of methanol, phone number: 0097339211616
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Consumption of base oil
Base oil is primarily consumed by the lubricant industry, which includes automotive, industrial, marine, and aviation sectors. Its demand is closely linked to lubricant consumption, driven by factors such as industrial growth, vehicle sales, and machinery maintenance. The automotive sector significantly influences base oil demand due to the number of vehicles on the road and their maintenance needs. Industrial activities like manufacturing and construction also rely heavily on lubricants derived from base oil. Base oil is produced through refining crude oil or chemical synthesis and serves as a key raw material for engine oils and industrial lubricants. The production process involves heating crude oil to separate lighter hydrocarbons for fuels while heavier ones are refined into base oils. Additives are incorporated to enhance properties like friction resistance and cleaning capabilities. Market trends indicate a growing shift towards high-performance and environmentally friendly lubricants, affecting specific base oil grades" demand.
Regional variations in industrial activity and economic development influence base oil consumption patterns, with emerging economies experiencing increased demand due to rapid urbanization. Additionally, recycling processes for used lubricants are gaining traction, providing sustainable alternatives that may impact virgin base oil demand. "
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What is base oil?
Base oil is a crucial component in the formulation of lubricants, primarily derived from refined petroleum. It constitutes over 95% of most lubricants, including motor oils and hydraulic fluids. The refining process yields base oils with desirable properties such as high viscosity index, thermal stability, and oxidation resistance, which are essential for reducing friction and protecting machinery. Base oils can be categorized into five groups by the American Petroleum Institute (API), ranging from less refined to specialty oils. While most base oils are petroleum-based, synthetic alternatives like polyalphaolefins and esters are gaining popularity due to their superior performance in extreme conditions. The increasing reliance on base oil in lubricant efficiency highlights its significance in the industry.
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Production of base oils in West Asia (Middle East)
West Asia, particularly the Middle East, is a crucial hub for base oil production due to its vast crude oil reserves and advanced refining infrastructure. Saudi Arabia leads the region with its extensive refining capabilities, primarily through Saudi Aramco, which produces various grades of base oils. The UAE follows closely, with significant contributions from ADNOC and ENOC, focusing on high-quality base oils. Iran also plays a vital role in this sector, leveraging its historical oil production and refining expertise through the National Iranian Oil Company (NIOC). Other countries like Kuwait, Qatar, and Oman are also notable producers, each with their own state-owned entities managing oil production and refining. The region"s strategic location and investments in modern refining technologies ensure a steady supply of base oils to meet both regional and global demands. Base oils produced in West Asia adhere to international certifications such as ISO 9001 and ISO 14001, ensuring quality standards are met. The complexity of producing engine oils involves not just base oils but also various additives that enhance lubrication properties.
As the industry evolves, new standards are being developed to optimize fuel efficiency and reduce engine wear. "
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History of base oils
Base oils have a rich history dating back to ancient civilizations, where lubricants were derived from animal fats and vegetable oils. The modern era of base oils began in the 19th century with the rise of the petroleum industry, driven by significant oil discoveries and advancements in refining techniques. Initially, crude oil-based lubricants were not favored due to their inferior performance compared to animal-based options. However, as automobile demand surged, manufacturers began optimizing crude oil processing to produce better lubricants. By the early 20th century, engine oils were classified by viscosity, leading to a focus on refining for improved efficiency. The American Petroleum Institute established a classification system for base oils based on refining methods and properties. Over time, innovations such as solvent extraction and hydroprocessing enhanced base oil quality. The introduction of synthetic base oils in the mid-20th century marked a pivotal shift in lubricant technology, offering superior performance for various applications including automotive and industrial uses. Today, ongoing research aims to develop environmentally sustainable base oils that meet modern engine requirements.