Samsung signs major lube oil refinery contract in Saudi Arabia

contract-signing ceremony: Kim (l) and Al Hazmi solidifying cooperation with Luberef expansion. Samsung Engineering has been awarded an $871-million lump-sum, turnkey contract by Saudi Aramco Lubricating Oil Refining (Luberef; Yanbu, Saudi Arabia) to expand Luberef’s Yanbu refinery. A contract-signing ceremony took place recently at Dhahran, Saudi Arabia, in the presence of Luberef’s president and CEO, Ali Al Hazmi; and Samsung Engineering’s executive v.p./marketing, Kim Dong-Woon. Luberef, a joint venture in which Saudi Aramco holds 70% and...

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