Saudi Aramco Base Oil Co - Luberef 2023 Annual Report with Sustainability Disclosures
Company: Saudi Aramco Base Oil Co - Luberef
Sector: Manufacturing
Country: Saudi Arabia
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 90
The report describes Luberef's 2023 performance as resilient, with revenue of SAR 9,488.7 Mn and a 4% reduction in flaring. It also highlights the acquisition of 20 thousand carbon credits as part of the company's commitment to achieve net-zero emissions by 2050. Safety remained a major achievement, with a 0.0 Total Recordable Incident Rate for the fourth successive year.
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