For Free Headlines Submit Your Email
Sunday, August 16, 2026 8:55 GMT
Saudi Aramco Base Oil Company (Luberef) has announced that it had extended its utilities sales and land lease agreement with its majority stakeholder and global oil giant Aramco through 2030. Established in 1976, Luberef is a major Saudi joint-stock company that produces quality base oils from production facilities located in Jeddah and Yanbu. The extension, effective from July 1, 2026, will allow Luberef to continue operations at the Jeddah facility and maintain Group I base oil production,...More