ILBOC Iberian Lube Base Oils Company

ILBOC Iberian Lube Base Oils Company, a joint venture between Repsol and SKL, has started the final phase of its expansion project in Cartagena, Spain. With an investment of over €50 million, the project will increase production capacity of high-tech lubricant base oils by about 50% in the second half of 2021, aiming for up to one million tonnes annually.