Loperef signs supply deal with Saudi Aramco
Saudi Aramco Base Oils (Luberef) announces the signing of a 10-year agreement with Saudi Aramco to supply 24,500 barrels per day of feedstock to the Jeddah facility, and to sell 16,500 barrels per day of by-products. This ensures the facility operates at full capacity to produce first-grade base oils with an approximate annual capacity of 275,000 tons, representing about 20% of the company’s total production capacity. Pricing will be market-based, including logistical costs. The agreement has become essential for maintaining the facility’s operational continuity and its strategic market position. It was signed on August 30, 2026, taking effect from August 29, 2026, with the possibility of renewal later.
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