Energy, Oil & Gas

Luberef extends Aramco utilities, land lease agreement through 2030

Saudi Aramco Base Oil Company (Luberef) has announced that it had extended its utilities sales and land lease agreement with its majority stakeholder and global oil giant Aramco through 2030, supporting the continued operation of its key facility in Jeddah as well as Group I base oil production. ...

Energy, Oil & Gas

Chalhoub signs solar lease deal with Yellow Door Energy

Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh. ...

Energy, Oil & Gas

Aramco closes $11bn Jafurah deal with BlackRock-backed consortium

Saudi oil giant Aramco has announced the completion of an $11 billion lease and leaseback investment deal for its Jafurah gas processing facilities with a consortium of investors led by funds managed by Global Infrastructure Partners, a part of BlackRock. ...