United Global is a small player in the lubricant market that is dominated by the oil majors. A high degree of interparty transactions feature in UGL's sales, assets and liabilities. We ask of UGL's intentions to bring about more transparency. We ask how the oil environment and the general slowdown is affecting them. Otherwise, the company sees high growth and a niche position in China and Indonesia.

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Tags:  oil prices,  related party transactions,  interparty transactions,  lubricants