Middle East

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Luberef Completes Stock Offer

December 27, 2022

Luberef said last week that it attracted strong interest to its initial public stock offering, as the retail portion of ...

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Dussur Buys Stake in Italmatch

December 13, 2022

Saudi investment firm Dussur has agreed to buy a minority stake in Italmatch Chemicals, a growing Italy-based company th ...

Luberef Plans IPO; Will Make Group III

Luberef Plans IPO; Will Make Group III

November 29, 2022

Luberef on Sunday announced plans for an initial public stock offering – which analysts estimated could raise U.S. $1 ...

Luberef Recruits Producers for LubeHub

Luberef Recruits Producers for LubeHub

November 22, 2022

Luberef signed memorandums of understanding with several companies this month, agreeing to explore the possibility of co ...

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Kuwait Promotes Maleic Anhydride Project

August 16, 2022

Kuwait Petroleum Corp. is inviting investors to build a chemical plant that would make maleic anhydride out of n-butene ...

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Shell Sells Jebel Ali Storage Facility

July 5, 2022

Shell completed the sale last week of an oil products storage facility in the Jebal Ali Free Zone area of Dubai, United ...

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Aramco Eyes Valvoline Unit

May 31, 2022

Saudi Aramco, the world’s largest oil company, has approached Valvoline, one of the world’s largest independent lubr ...

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IPO Considered for Luberef

April 5, 2022

Luberef, a base oil joint venture of Saudi Aramco, is considering an initial public stock offering that would aim to rai ...

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Aramco Enters Lubricants Business

December 7, 2021

The world’s largest crude oil supplier and one of the largest owners of base oil assets is getting back into the finis ...

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Israel Extends Excise Tax to Lubes

November 2, 2021

In an effort to discourage tax-dodging mixing with diesel, Israeli officials signed an order last week to impose an exci ...

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Vanol Opens Plant in Dubai

October 19, 2021

Vanol FZE is preparing to unveil a lubricant blending plant in Dubai with capacity of 75,000 metric tons per year, a lau ...

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Dorf Ketal, TriBonds Form Saudi JV

September 21, 2021

Dorf Ketal Chemicals and TriBonds Chemical Co. announced today the formation of a joint venture that will manufacture lu ...

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Engine Oil Price Hikes Authorized in Iran

July 27, 2021

Iranian regulators recently authorized a 41% hike in prices for gasoline and diesel automotive engine oils. The country ...

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Enoc JV to Blend Lubes in Egypt

July 13, 2021

Egypt’s Misr Petroleum has reached an agreement for the company’s joint venture with Emirates National Oil Co. to pr ...

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Saudis Form Lubes Business Group

June 29, 2021

Saudi Arabia’s main business association formed a committee this month to promote reforms for the nation’s finished ...

European Grease Output Fell in 2020

European Grease Output Fell in 2020

June 22, 2021

Lubricating grease production in Europe fell 7% in 2020, according to the latest survey by the United States-based Natio ...

Fuchs Adds JV In Egypt

Fuchs Adds JV In Egypt

March 16, 2021

German independent lubricants blender Fuchs Petrolub SE announced on March 12 a joint venture in Egypt with longtime par ...

Base Oils Tight in Europe, Middle East

Base Oils Tight in Europe, Middle East

March 2, 2021

Perhaps more than other regions, base oil supply in Europe and the Middle East has been severely constrained since the e ...