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Japan’s Idemitsu Kosan Co. signed a memorandum of understanding with Luberef, formally known as Saudi Aramco Base Oil Co., for the supply of API Group III base oil. Luberef has said it plans to expand its base oil plant in Yanbu’al Bahr, Saudi Arabia, to increase production capacity and to enable it to make Group III oils, with the project’s first phase scheduled to come onstream in 2025.

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