Saudi Aramco Base Oil Company - Luberef has signed a Memorandum of Understanding with APAR Industries Limited, one of the key global industrial players with a presence in more than 125 countries.

APAR Industries current operates four production plants and this MOU will explore building a transformer oil/ white oil plant at LubeHUB, supporting localization of specialty products in KSA. LubeHub is a value park located at Yanbu that will provide partners with access to the world-class Yanbu Ecosystem.