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Petronas' lubricants debut in Japan
01-16-2007: PETRONAS launched its range of premium grade automotive engine oils in Japan, officially entering the country's lubricants market. The PETRONAS' range of SYNTIUM synthetic lubricants, will initially be made available in Nagoya and Tokyo and subsequently to other parts of Japan by Magna International Co Ltd.
For PETRONAS, the debut of its range of premium products in Japan provides an excellent opportunity to tap into a vibrant lubricants market that is currently the fourth largest in the world. According to the company, the launch marks another significant milestone in the long term business relationships between PETRONAS and Japan. The Group first paved its way into Japan in 1975 with the shipment of Malaysian Crude Oil into the country. Today PETRONAS is one of the largest LNG suppliers to Japan, supplying about 23 per cent of the country's LNG requirement.
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