Luberef receives feedstock allocation extensions for Jeddah, Yanbu facilities

Luberef received notices from the Energy Ministry regarding the extension of feedstock allocations for its facilities.

Saudi Aramco Base Oil Co. (Luberef) received on Dec. 1 notices from the Ministry of Energy regarding the extension of feedstock allocations for its facilities.

In a Tadawul filing, the company said the Jeddah facility’s feedstock allocation has been extended, following ministry approval to continue the allocation of 24,500 barrels per day (bpd) until Dec. 31, 2030, renewable. The extension is seen as a key step in supporting continued operations in Jeddah.

Luberef added that the Yanbu facility’s feedstock allocation has also been extended, with ministry approval to maintain 50,000 bpd until Jan. 31, 2038.

Additionally, the Yanbu allocation has been increased, with approval to raise it to 65,000 bpd until Nov. 30, 2026, renewable. The company said the increase supports strategic goals under its second expansion project.

Luberef said any further developments will be announced in accordance with applicable regulations.