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Luberef signs EPC contract for Yanub Growth 2 project

Luberef signed an engineering, procurement and construction (EPC) contract with PETROJET Co. for Yanbu facility expansion (Growth II) at a total value of SAR 555 MM ($148 MM), which aims to expand existing units at Yanbu facility to their maximum potential production capacity to 1.3 MMtpy in 2025 by increasing Group II base oils productions or introduce the production of Group III base oils. This expansion will allow flexibility for the production of additional Group II and Group III Base Oils based on market demand.

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