March 1964

Foundation of Mabanaft Ltd., London

The lubricating-oil business is centrally run from Hamburg. Department 5 of Marquard & Bahls buys semi-finished products from Deurag-Nerag in Russia and Romania and resells them to independent processors or major oil companies. Marquard & Bahls sets up Mabanaft Ltd. in London to extend the lubricating-oil business into Great Britain. Marquard & Bahls delivers the products to England by ship and stores them there; Mabanaft Ltd. sells them.