Saudi Aramco Base Oil Company (Luberef): Business Overview, Financials & Competitive Analysis
Saudi Aramco Base Oil Company (Luberef) scores 7/10 on the AskCyborg Cyborg Score (Strong). Market-leading base oil producer with stable cash flows, strategic Saudi Aramco partnership, and exposure to growing global lubricant demand. As a member of the Aramco Base Oil Alliance producing 1 in 8 barrels globally, Luberef holds significant market position. 2024 revenue of 10.04 billion SAR represented.
What is Saudi Aramco Base Oil Company (Luberef)'s industry? Saudi Aramco Base Oil Company (Luberef) (luberef.com) operates in Petroleum Refining & Base Oil Production. AskCyborg classifies Saudi Aramco Base Oil Company (Luberef) under Petroleum Refining & Base Oil Production in its company registry.
Established in 1976, 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. The company produces and sells base oils and various...
Cyborg Score thesis
Market-leading base oil producer with stable cash flows, strategic Saudi Aramco partnership, and exposure to growing global...
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Get Current Report FreeSaudi Aramco Base Oil Company (Luberef) Overview
Pro stress-test →Established in 1976, 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. The company produces and sells base oils and various by-products internationally, offering Group I and Group II base oils as well as byproducts such as asphalt, marine heavy fuel oil, slack wax, and ultra-low sulfur diesel.
Strategic Profile
Pro stress-test →Luberef benefits from a long-term feedstock supply agreement with Saudi Aramco. As one of three members of the Aramco Base Oil Alliance, it produced 1 in every 8 barrels of base oil globally in 2021. The company operates two facilities with annual production capacity of 1.3 million metric tonnes and achieved mechanical availability of 99.7% in 2021.
Competitive Landscape
Pro stress-test →Luberef operates in the global base oil industry dominated by large integrated oil companies and specialized producers. Through the Aramco Base Oil Alliance with Motiva and S-Oil, Luberef collaborates on technology and market share, together representing approximately 12.5% of global base oil production. Competition comes from independent base oil producers and integrated refiners globally.
Industry Context
Saudi Aramco Base Oil Company (Luberef) operates in Petroleum Refining & Base Oil Production.
Key facts
Founded: 1976 · Headquarters: Jeddah, Saudi Arabia · Revenue: 10.04B SAR · Market cap: 17.31B SAR