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Luberef Extends Jeddah Facility Land Lease with Saudi Aramco

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Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, extended its land lease for the facility in Jeddah, Saudi Arabia, to Dec. 31, 2030.

The lease renewal was part of the extended utilities sales agreement with Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, according to a Tuesday release.

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