Saudi Aramco to enter base oils business
While Saudi Aramco has explored the base oils business for many years, it has previously done so via joint ventures. Now it will do so via its own company portfolio, hoping the launch will capitalize on the company’s prestigious reputation for quality products and meeting customer needs.
“We are very excited to launch our base oils brands and intend to streamline our base oils strategy, capitalizing on Saudi Aramco’s vast experience in the oil industry, its renowned reputation of high quality products and its prominent position worldwide in meeting customer’s needs,” Said Al-Hadrami, vice president of international operations, said in a statement. “We will also build on the tremendous base oil industry experience within our affiliates, which spans several decades.”
The company also finalized the Passenger Car Motor Oil program as per the European ATIEL Code of Practice. It hopes to have the Heavy Duty Motor Oil program finalized within the year.