| Element List | Explanation |
|---|---|
| Introduction | Saudi Aramco Base Oil Company – Luberef is pleased to announce the signing of Ultra Low Sulfur Diesel (ULSD) Agreement to sell ULSD to Saudi Arabian Oil Company (Saudi Aramco). By entering into this ULSD Agreement, Luberef seeks to grow its customer base and enhance its by-product margins. |
| Date of Announcement of the Award | 2025-09-29 Corresponding to 1447-04-07 |
| Contract Subject Matter | Signing of ULSD Agreement to sell up to 6,500 barrels per day of ULSD to Saudi Aramco, subject to product availability. |
| The Entity with Which the Contract was Signed | Saudi Arabian Oil Company (Saudi Aramco). |
| Date of Signing the Contract | 2025-09-29 Corresponding to 1447-04-07 |
| Contract Value | The product price is calculated based on an agreed formula and is linked to market prices. |
| Contract Details | Subject to availability, Luberef will sell and deliver to Saudi Aramco from its Yanbu Refinery up to 6,500 barrels per day of ULSD. |
| Contract Duration | The duration of the ULSD Agreement is twenty (20) years from 29-09-2025 and thereafter may be subject to renewal upon mutual agreement of the parties, unless terminated by either party in accordance with the terms of the ULSD Agreement. |
| Financial Impact and the Relevant Period | The positive financial impact is expected from the fourth quarter of 2025, which cannot be determined exactly and will depend on market prices. |
| Related Parties | Saudi Arabian Oil Company (Saudi Aramco). |
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