Saudi Industrial Export Co. (SIECO) has extended its contract with Saudi Aramco Base Oil Co. (Luberef) to buy its full production of sulfur for two years starting from Jan. 1, 2019, the firm said in a statement to Tadawul today.
The value of the deal was not disclosed.
The deal’s financial impact will be revealed by the end of 2019, SIECO said.
On Jan. 30, 2018, SIECO inked a one-year contract with Luberef to buy its full production of sulfur amounting to 37,000 tons, Argaam previously reported.
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