Saudi Aramco Base Oil Co. (Luberef) built new marketing channels through Oman and Fujairah, United Arab Emirates (UAE), in response to regional tensions that disrupted its supply routes, President and CEO Samer Al-Hokail told Al Arabiya, as reported by Argaam. The company also leveraged strategic storage and base oil inventories in South Africa, Europe, and Asia to navigate the supply challenges, Al-Hokail said. Luberef further hedged against rising freight costs by signing shipping contracts that helped mitigate cost increases that…

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