Middle East

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 ...

Luberef Recruits Producers for LubeHub

Luberef 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 ...

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Saudis Form Lubes Business Group

Lube Report EMEA - June 29, 2021

Saudi Arabia’s main business association formed a committee this month to promote reforms for the nation’s finished ...

European Grease Output Fell in 2020

European Grease Output Fell in 2020

Lube Report EMEA - June 22, 2021

Lubricating grease production in Europe fell 7% in 2020, according to the latest survey by the United States-based Natio ...

Fuchs Adds JV In Egypt

Fuchs Adds JV In Egypt

Lube Report EMEA - March 16, 2021

German independent lubricants blender Fuchs Petrolub SE announced on March 12 a joint venture in Egypt with longtime par ...

Base Oils Tight in Europe, Middle East

Base Oils Tight in Europe, Middle East

Lube Report EMEA - March 2, 2021

Perhaps more than other regions, base oil supply in Europe and the Middle East has been severely constrained since the e ...

Luberef Touts Plan for Lubes Hub

Luberef Touts Plan for Lubes Hub

Lube Report EMEA - February 23, 2021

Luberef launched an initiative to encourage lubricant blenders to locate at a site adjacent to its base oil plant in Yan ...

Colonial Breaks Ground in Saudi Arabia

Colonial Breaks Ground in Saudi Arabia

Lube Report EMEA - February 9, 2021

A joint venture of United States-based Colonial Chemical Inc. announced on Jan. 20 that it broke ground on a specialty c ...