Saudi Aramco Lubricating Oil Refining Company (Luberef) has lined up South Korea’s Samsung Engineering to undertake a $1bn expansion of its lubricants refinery at Yanbu’.
MEES understands that Luberef is currently negotiating final details of the agreement with Samsung, with a view to signing an engineering, procurement and construction (EPC) contract in the week beginning 22 October. (CONTINUED - 438 WORDS)
