Luberef announces its intention to float on Saudi Exchange's Main Market

Luberef today announced its intention to list on Saudi Exchange's Main Market. Another step in achieving Luberef's vision to become the leading supplier of base oils globally.

KEEPING THE WORLD IN MOTION

Our base oils serve critical industries around the world, including automotive, marine, and manufacturing.

A LEADING BASE OIL SUPPLIER

Established in 1976, Saudi Aramco Base Oil Company - Luberef is one of the world’s leading suppliers of high-quality base oils and the only virgin base oil producer in the Kingdom of Saudi Arabia.

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Multi-decade Customer Relationships

Spanning over 40 years, Luberef’s longest standing customer relationships are almost as old as the company itself.

Scale through Aramco Base Oil Alliance

Luberef is one of three members of the Aramco Base Oil Alliance, which together produced 1 in every 8 barrels of base oil globally in 2021.

Highly Efficient Operations

From our two facilities we have an annual production capacity of 1.3m metric tonnes, achieving mechanical availability of 99.7% in 2021.

OUR PRODUCTS

We produce various Group I and Group II Base Oils that are sold to major international, regional and national oil companies, in the Kingdom and across the globe.

As part of our production process, we also produce various by-products.

BASE OIL

Our consistently high-quality base oils, derived from, straight-run residue Arab Light crude oil, allow our customers to benefit from products which meet their needs.

BY-PRODUCTS

The by-products we produce include naphtha, diesel, asphalt, sulfur and Marine Heavy Fuel Oil (MHFO). The asphalt we produce directly contributes to the Kingdom’s infrastructure development.

Development of the downstream industry

LubeHUB Lubricants Value Park is an industrial park project strategically located adjacent to our Yanbu Facility, providing investors with the opportunity to build manufacturing facilities close to us.


It aims to attract a multitude of speciality product producers and operators associated with the base oil industry by enabling easy access from within LubeHUB to Luberef’s base oils and by-products as their feedstock.


In line with the Kingdom’s Vision 2030, LubeHUB aims to attract investors to localize imported products, manufacture ‘Made in Saudi’ products and increase Saudi employment.

OUR COMMITMENT TO SUSTAINABILITY AND ESG

We are committed to fostering environmental excellence by adhering to the highest ESG standards. We are on a journey to create an ESG (Environmental, Social and Governance) framework to support this aim, which assesses our impact on the environment, as well as on the communities that we serve while ensuring the health and safety of our employees.

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If you require any further information regarding our products, wish to join the Luberef team or have a media inquiry, please contact our team.

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