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OTHER NEWS 2012

Chemoil Invests in Chemlube/Sopetra

August 3, 2012 – Chemlube International of Harrison, NY, a lubricants blender and base oil distributor, announced that Chemoil Energy Ltd. through a European subsidiary, has acquired 50% interest in Chemlube International and its affiliate, Sopetra S.A. The deal includes Chemoil acquiring 50% of Chemlube International LLC for approximately USD 8.3 million cash and 50% of the shares of Sopetra S.A., for approximately USD 8.1 million cash. Click for more

CITGO Takes Issue with Trimen Oil Sales

June 4, 2012 – The Petroleum Quality Institute of America reported today that in addition to CITGO taking Mid-States Energy to court, CITGO filed a lawsuit last month against Trimen Oil Sales, Inc. (Gardena, CA). The suit alleges that Trimen had also put something other than CITGO in the drums and pails it sells with CITGO labels. Click for more

POLARIS Laboratories® Opens New Fluid Testing Lab in Moscow, Russia  

June 4, 2012 – POLARIS Laboratories®, the leading North American fluid analysis provider, also operates one of the largest networks of independent laboratories for testing technical fluids, including fuel, oil and coolant, in the United States, Canada and Central America. The company has now expanded into Russia with the opening of POLARIS Laboratories® Russia, the official representative of POLARIS Laboratories®, located in Moscow. This laboratory represents the seventh facility for POLARIS Laboratories®. Bryan Debshaw, POLARIS Laboratories’® CEO, stated, “The goal of the new Moscow laboratory is to strengthen POLARIS Laboratories’® presence in Europe and Asia.” Click for more

Baghdasarian Arrested on Federal Charges

May 22, 2012 – Federal authorities arrested Markos Baghdasarian, former president of Delfin Group USA LLC, as he was boarding a plane at Hartsfield-Jackson International Airport in Atlanta on Saturday. The plane was bound for the United Arab Emirates. Click for more

BIS Issues Order Temporarily Denying the Delfin Group and Its President Export Privileges   

March 16, 2012 – The Bureau of Industry and Security, U.S. Department of Commerce, through its Office of Export Enforcement (OEE), issued an Order temporarily denying the Delfin Group USA LLC, and it’s president, Markos Baghdasarian , for a period of 180 days, the export privileges under the Export Administration Regulations. The Order was effective February 25, 2012.  According to the BIS Order, the OEE presented evidence that beginning in or about mid-2010, and continuing thereafter, Delfin Group USA LLC and its president, Markos Baghdasarian, conspired with multiple entities and individuals, including entities and individuals located in the United Arab Emirates (UEA) to export U.S.-origin items subject to the Regulations from the United States to Iran, via transshipment through the UAE, without obtaining the required authorization from the U.S. Government. Click for more

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