A 45 YEAR HISTORY

We have been producing high-quality base oils for over 45 years.

A LOOK-BACK AT OUR COMPANY HISTORY

Founded in 1976 in Jeddah, Luberef was originally established as a joint venture between Petromin and Mobil as a pioneer in the base oils sector.


Today, Saudi Aramco Base Oil Company (Luberef) converted to a public company listed on the Main Market of the Saudi Exchange.


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.

LONGSTANDING BASE OIL HERITAGE

Our 45-year history from a single small-production facility in Jeddah to a global downstream industry leader.
1976
The Company was founded as a joint venture between Petromin (70%) and Mobil (30%).
1996
Petromin’s 70% stake was transferred to Saudi Aramco.
2007
Mobil sold its 30% stake to Jadwa Industrial Investment Company.
2021
The total production capacity across both facilities reached 1.3 million MT for Group I and Group II Base Oils.
1977
The Jeddah Facility was commissioned with an initial production of approximately 180,000 MT of Group I Base Oils.
1997
The Yanbu Facility was commissioned with an initial production capacity of approximately 300,000 MT of Group I Base Oils, increasing total capacity to 560,000 MT.
2017
The expansion of the Yanbu Facility enabled Luberef to produce Group II Base Oils for the first time in Saudi Arabia.

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Investor Information

Find out more about our investment case and financial performance.
LEARN MORE ABOUT LUBEREF'S IPO

An Experienced Leadership Team

Luberef has a highly experienced leadership team, with strong sector knowledge and a deep commitment to maintaining the highest standards of excellence.
GET TO KNOW OUR LEADERSHIP TEAM

What We Do

We produce high-quality base oils and by-products from our two facilities in Jeddah and Yanbu.
LEARN MORE ABOUT OUR VISION AND MISSION

GET IN TOUCH

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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