AlwaysFree: Saudi Aramco Base Oil Company - Luberef Announce The Signing Of Engineering, Procurement And Construction Contract For Yanbu Facility Expansion (Growth II)

According to the company’s website press release on February 26, 2023, Saudi Aramco Base Oil Company - Luberef Announces Signing of engineering, procurement, and constructions contract with PETROJET Co. for Yanbu facility expansion (Growth II) at a total value of SAR 555 million, which aims to expand existing units at Yanbu facility to their maximum potential production capacity to 1.3 million MT in 2025 by increasing Group II base oils productions or introduce the production of Group III base oils. This expansion will allow flexibility for the production of additional Group II and Group III Base Oils based on market demand.