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Aramco, Luberef Sign Successor Feedstock Supply Deal for Jeddah Facility

MT Newswires·12/07/2025 04:17:55
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04:17 AM EST, 12/07/2025 (MT Newswires) -- Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, and Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, entered into a new feedstock supply contract for its Jeddah facility in Saudi Arabia. The Saudi-listed base oil producer said Sunday that the deal will allow the factory to keep its production capacity at 275,000 metric tons annually for group I base oils until it opens its Yanbu-based Growth-II project. Additionally, the agreement will allow the facility to run after the end of the original feedstock supply arrangement on Aug. 28, 2026. It noted that it will publish updates regarding the successor feedstock deal after it is finalized.