1996 News Story

Petrolube to market its products in China

Petrolube, an affiliate of Petromin, yesterday signed an agreement with a Chinese company for the purpose of marketing its products in China. Under the agreement, China will be provided with 30,000 tons of oil and lubricants carrying the Petromin trademark, a figure that will increase annually by twenty percent. At a press conference, Saudi Ambassador to China Youssef Al-Madani said the agreement comes within the framework of existing economic and commercial cooperation between the Kingdom and China, adding that the Chinese market is one of the largest, and that Petrolube is a pioneering company in terms of lubricants, with a production capacity of more than 6.5 million barrels of lubricants and 8 million tons of grease. Petrolube currently exports to more than 30 countries worldwide.