LoBareef partners with Saudi Aramco for feedstock

Saudi Aramco Base Oil – Luberef has signed a new agreement with Saudi Aramco for the supply of feedstock to the Jeddah facility and the sale of secondary products, replacing the previous agreement. The deal is set for a period of 10 years starting from August 2026, including the supply of 24,500 barrels per day of feedstock and the sale of 16,500 barrels per day of secondary products. This ensures the facility operates at full capacity, producing approximately 275,000 tons annually of first-grade base oils. The value of the agreement depends on the quantities received and market prices, with no financial impact specified at this time. Its effects will be reflected in the financial statements starting August 2026.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل