Bahri Chemicals inks first COA with Luberef to boost Saudi base oil exports

Bahri Chemicals has signed its first contract of affreightment (COA) with Luberef, the kingdom’s sole producer of virgin base oils, in a deal that underscores Saudi Arabia’s push to strengthen domestic supply chains under the Saudi Inc. initiative. The agreement will see Bahri Chemicals, a subsidiary of national shipping giant Bahri, move base oil cargoes …

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