Bahri’s Chemicals and Logistics business units sign MoUs to strengthen cooperation with Luberef

Bahri’s Chemicals and Logistics business units sign MoUs to strengthen cooperation with Luberef

Riyadh: Bahri, a global leader in logistics and transportation, recently announced that its business units Bahri Chemicals and Bahri Logistics have recently signed Memorandums of Understanding (MoUs) with Saudi Aramco Base Oil Company (Luberef). The agreements are aimed at establishing and enhancing cooperation between Luberef and the two Bahri companies.

Building on the new partnership, Bahri Chemicals and Luberef will create a mutually beneficial Shipping Framework Agreement that will also impact positively the national economy. Under the terms of the MoU, Bahri Chemicals will provide distinguished logistics solutions and services to Luberef, which will assist by providing details of available shipments that align with vessel dates at load ports.

The MoU was signed by Mr. Faisal Al Husseini, Acting President of Bahri Chemicals, and Eng. Tareq Alnuaim, President & CEO of Saudi Aramco Base Oil Company – Luberef, during a special ceremony held at Bahri Dubai office. Following the signing, the two parties exchanged mementos and posed for group pictures. Bahri Logistics inked the MoU with Luberef during a signing ceremony recently at Bahri. President Eng. Soror Basaloum represented Bahri Logistics while Eng. Tareq Alnuaim, signed on behalf of Luberef.

Commenting on the agreement, Mr. Faisal Al Husseini, Acting President of Bahri Chemicals