Bahri’s Chemicals and Logistics Units Sign MoUs with Luberef
Bahri, a global leader in logistics and transportation, recently announced that its business units Bahri Chemicals and Bahri Logistics have recently signed Memorandums of Understanding (MoUs) with Saudi Aramco Base Oil Company (Luberef).
The agreements are aimed at establishing and enhancing cooperation between Luberef and the two Bahri companies.
Building on the new partnership, Bahri Chemicals and Luberef will create a mutually beneficial Shipping Framework Agreement that will also impact positively the national economy.
Under the terms of the MoU, Bahri Chemicals will provide distinguished logistics solutions and services to Luberef, which will assist by providing details of available shipments that align with vessel dates at load ports.
The MoU was signed by Mr. Faisal Al Husseini, Acting President of Bahri Chemicals, and Eng. Tareq Alnuaim, President & CEO of Saudi Aramco Base Oil Company – Luberef, during a special ceremony held at Bahri Dubai office.
Following the signing, the two parties exchanged mementos and posed for group pictures. Bahri Logistics inked the MoU with Luberef during a signing ceremony recently at Bahri. President Eng. Soror Basaloum represented Bahri Logistics while Eng. Tareq Alnuaim, signed on behalf of Luberef.
Commenting on the agreement, Mr. Faisal Al Husseini, Acting President of Bahri Chemicals said: “We are delighted to enter into this new collaboration with a company of Luberef’s caliber, which is renowned across the region as one of the leading players in its field.
"By teaming up to develop a mutually beneficial Shipping Framework Agreement, we aim to not only strengthen the spirit of cooperation between our companies but also create a significant contribution to the Kingdom’s economy.”
Eng. Soror Basaloum, President of Bahri Logistics, commented: “The agreement aims at the provision of best-in-class sustainable and efficient solutions for Luberef’s logistics requirements.
"The products and services stipulated in the agreement include inland transportation within Saudi Arabia from Luberef plants to local customers for base oil main products; ISO tank container and Flexi-bag logistics solutions for Luberef’s local and export customers.
Eng. Tareq Alnuaim, President & CEO of Saudi Aramco Base Oil Company – Luberef, said: “The services provided by the two Bahri companies align perfectly with our commitment to delivering greater efficiency and sustainability throughout our operations.”
Saudi Aramco Base Oil Company - Luberef is one of the world’s leading suppliers of high-quality base oils and the only virgin base oil producer in the Kingdom of Saudi Arabia.