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OUR LATEST NEWS & ANNOUNCEMENTS

Read all about our latest news and company updates

Luberef Full Year Financial Results 2024

Saudi Aramco Base Oil Company — Luberef announced its 2024 annual financial results, reporting total revenue of approximately SAR 10 Billion and net income of approximately SAR 972 Million.

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Cooperative Training Program 2024

Luberef proudly celebrated the success of its Summer Training Program for 2024, which brought together trainees from seven Saudi universities across various departments.

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Luberef and KAUST Signed A New Research Agreement

As part of our ESG responsibility, followed by Luberef's commitment to keep supplying the world with high-quality base oils, #Luberef and KAUST, represented by uODS, have signed a new research agreement on new technology for producing low-sulfur base oils.

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Luberef Financial Results for the First Half of 2024

Saudi Aramco Base Oil Company - Luberef announced its H1 2024 financial results, reporting total revenue of approximately SAR 4.9 Billion and net income of approximately SAR 538 Million. Net income decreased by 40% compared to the same period in 2023 due to a decline in base oil and by-products crack margins.

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