Saudi 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