Middle East

Luberef Expansion Will Add 230,000 T/y
A view of the Luberef refinery in Yanbu, Saudi Arabia. Photo courtesy of Luberef

Luberef Expansion Will Add 230,000 T/y

Lube Report EMEA - February 28, 2023

Luberef said Sunday that a previously announced expansion of its base oil plant in Yanbu’ al Bahr, Saudi Arabia, will ...

Aramco Subsidiary Absorbs Motiva Trading

Aramco Subsidiary Absorbs Motiva Trading

Lube Report Americas - January 25, 2023

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker ...

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Petromin Reportedly Prepares IPO

Lube Report EMEA - January 17, 2023

Saudi Arabian lubricants blender Petromin plans to raise up to $1 billion via an initial public offering, Bloomberg repo ...

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Luberef Completes Stock Offer

Lube Report EMEA - December 27, 2022

Luberef said last week that it attracted strong interest to its initial public stock offering, as the retail portion of ...

Dussur Buys Stake in Italmatch

Dussur Buys Stake in Italmatch

Lube Report EMEA - December 13, 2022

Saudi investment firm Dussur has agreed to buy a minority stake in Italmatch Chemicals, a growing Italy-based company th ...

Luberef Plans IPO; Will Make Group III

Luberef Plans IPO; Will Make Group III

Lube Report EMEA - November 29, 2022

Luberef on Sunday announced plans for an initial public stock offering – which analysts estimated could raise U.S. $1 ...

Lubref Recruits Producers for LubeHub

Lubref Recruits Producers for LubeHub

Lube Report EMEA - November 22, 2022

Luberef signed memorandums of understanding with several companies this month, agreeing to explore the possibility of co ...

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Kuwait Promotes Maleic Anhydride Project

Lube Report EMEA - August 16, 2022

Kuwait Petroleum Corp. is inviting investors to build a chemical plant that would make maleic anhydride out of n-butene ...

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Shell Sells Jebel Ali Storage Facility

Lube Report EMEA - July 5, 2022

Shell completed the sale last week of an oil products storage facility in the Jebal Ali Free Zone area of Dubai, United ...

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Aramco Eyes Valvoline Unit

Lube Report EMEA - May 31, 2022

Saudi Aramco, the world’s largest oil company, has approached Valvoline, one of the world’s largest independent lubr ...

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IPO Considered for Luberef

Lube Report EMEA - April 5, 2022

Luberef, a base oil joint venture of Saudi Aramco, is considering an initial public stock offering that would aim to rai ...

Aramco Enters Lubricants Business

Aramco Enters Lubricants Business

Lube Report EMEA - December 7, 2021

The world’s largest crude oil supplier and one of the largest owners of base oil assets is getting back into the finis ...

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Israel Extends Excise Tax to Lubes

Lube Report EMEA - November 2, 2021

In an effort to discourage tax-dodging mixing with diesel, Israeli officials signed an order last week to impose an exci ...

Vanol Opens Plant in Dubai

Vanol Opens Plant in Dubai

Lube Report EMEA - October 19, 2021

Vanol FZE is preparing to unveil a lubricant blending plant in Dubai with capacity of 75,000 metric tons per year, a lau ...

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Dorf Ketal, TriBonds Form Saudi JV

Lube Report EMEA - September 21, 2021

Dorf Ketal Chemicals and TriBonds Chemical Co. announced today the formation of a joint venture that will manufacture lu ...

Engine Oil Price Hikes Authorized in Iran

Engine Oil Price Hikes Authorized in Iran

Lube Report EMEA - July 27, 2021

Iranian regulators recently authorized a 41% hike in prices for gasoline and diesel automotive engine oils. The country ...

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Enoc JV to Blend Lubes in Egypt

Lube Report EMEA - July 13, 2021

Egypt’s Misr Petroleum has reached an agreement for the company’s joint venture with Emirates National Oil Co. to pr ...