VOL. XXXII
NO. 28
17-APRIL-1989
SAUDI ARABIA
Luberef's 1988 Output Up 5%
The Petromin Lubricating Oil Refining Company (Luberef) - owned 70% byPetromin and 30% by Mobil - in 1988 produced 1.714mn barrels of base oils fromits 1.6mn barrel/year Jiddah refinery, an increase of 82,000 barrels (5%) on1987. Luberef also posted record profits of SR111mn ($29.6mn) in 1988.
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