Saudi Aramco has announced its intention to launch a base oils business, as part of its downstream integration plan.
The company is aiming to optimise the value of its petroleum molecules and grow its refining and chemicals portfolio.
Saudi Aramco has been integrating its downstream business in refining and marketing.
Said Al-Hadrami, Vice President International Operations, said: “We are very excited to launch our base oils brands and intend to streamline our base oils strategy, capitalising on Saudi Aramco’s vast experience in the oil industry, its renowned reputation of high quality products and its prominent position worldwide in meeting customer’s needs. We will also build on the tremendous base oil industry experience within our affiliates, which spans several decades.”
Saudi Aramco is seeking synergies among its affiliates by way of automotive Group II slates interchangeability and linkage. In order to advance these synergies, the company completed a technical programme based on 15 applications covering industry needs that include American Petroleum Institute (API) engine oils requirements.
Furthermore, the company has finalised the Passenger Car Motor Oil (PCMO) programme as per the European ATIEL Code of Practice, and the successful finalisation of the Heavy Duty Motor Oil (HDMO) programme is expected within the year.
In addition to the Group II slates interchangeability and linkage synergies, Saudi Aramco is also exploring further synergies amongst its affiliates with respect to their base oils offerings along with streamlining the marketing of these offerings in order to better serve customers.
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