Saudi Aramco Base Oil Company – Luberef announces the signing of a supply agreement to receive Heavy Vacuum Gas Oil from Saudi Aramco Mobil Refinery Company (SAMREF)

Saudi Aramco Base Oil Company – Luberef announces the signing of a supply agreement to receive Heavy Vacuum Gas Oil from Saudi Aramco Mobil Refinery Company (SAMREF)

Element List

Explanation

Introduction

Saudi Aramco Base Oil Company – Luberef is pleased to announce the signing of a supply agreement to receive a minimum of 3000 barrels per day of Heavy Vacuum Gas Oil from Saudi Aramco Mobil Refinery Company (SAMREF) subject to product availability. This agreement is a part of business transformation initiative, which is in line with Saudi Aramco’s transformation initiative for its joint ventures (JVs).

Date of Announcement of the Award

2024-01-25 Corresponding to 1445-07-13

Contract Subject Matter

Signing of a supply agreement to receive a minimum of 3000 barrels per day of Heavy Vacuum Gas Oil from Saudi Aramco Mobil Refinery Company (SAMREF) subject to product availability, which will be used as feedstock to produce base oils and by-products in Yanbu facility.

The Entity with Which the Contract was Signed

Saudi Aramco Mobil Refinery Company (SAMREF)

Date of Signing the Contract

2024-01-25 Corresponding to 1445-07-13

Contract Value

The product price is calculated based on an agreed formula and is linked to Market prices.

Contract Details

Supply Agreement to receive a minimum of 3000 barrels per day of Heavy Vacuum