Samer Al-HokailPresident and CEO atSaudi Aramco Base Oil Co. (Luberef) 
Samer Al-Hokail, President and CEO at Saudi Aramco Base Oil Co. (Luberef), said that base oil crack margins dropped by $100, or 30% year-on-year (YoY) in 2024.
In 2024, Luberef recorded historical sales of 1.29 million metric tons of products, the highest ever level since the company’s inception, Al-Hokail said, affirming Luberef;s financial strength.
Samer Al-HokailPresident and CEO atSaudi Aramco Base Oil Co. (Luberef)
Samer Al-Hokail, President and CEO at Saudi Aramco Base Oil Co. (Luberef), said that base oil crack margins dropped by $100, or 30% year-on-year (YoY) in 2024.
In 2024, Luberef recorded historical sales of 1.29 million metric tons of products, the highest ever level since the company’s inception, Al-Hokail said, affirming Luberef;s financial strength.
