Saudi Aramco Base Oil company Luberef is in process of starting the sale of Group II Base Oils late by late by January 2018. At present the company is in the testing phase of its plant. The company is expecting to reach its on-spec production capacity by December.
The company has two units producing SN 150 and SN 500 variety of Base Oil. One of the unit is based at Yanbu and other at Jeddah in Saudi Arabia having the production capacity of 2,80,000 mt/year and 2,70,000 mt/year. planning to start
The market is likely to remain slow due to festive across the nation. Moreover most of the markets will remain closed next week due to Diwali festival and will open only after next week.
