Top 3 Lubricant Companies in Middle East

The lubricant sector in the Middle East is a growing and dynamic industry, with a number of major players and a strong focus on innovation and technology.

The Middle East is a key market for lubricants, with a large and growing population, a vibrant economy, and a strategic location at the crossroads of Asia, Europe, and Africa. The region is also home to some of the world’s largest oil and gas reserves, which provide a stable and reliable source of raw materials for the production of lubricants.

In recent years, the lubricant sector in the Middle East has undergone significant growth and development, with a number of major companies investing in research and development, technology, and infrastructure. This has led to the development of new and improved lubricants, with advanced formulations and enhanced performance characteristics.

The lubricant sector in the Middle East is also characterized by a strong focus on sustainability and environmental protection. Many companies in the region are committed to reducing their environmental impact, and they are investing in research and development to develop more sustainable lubricants and manufacturing processes.

The Middle East lubricants market is fragmented the main players in the Middle East lubricants market include Total, Petromin, Aljomaih And Shell Lubricating Oil Company Limited, Behran Oil Co., and FUCHS, among others

While the Middle East lubricants market is relatively young in comparison with other global industry markets, it is experiencing significant, ongoing growth. In fact, this market alone is expected to grow by 2% between 2019 and 2024, and by 6.5% between 2019 and 2026, with a projected value of USD 2.14 billion. What does this mean for the industry and for businesses within the Middle East?

Total

TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the biggest oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer. In the 2020 Forbes Global 2000, it was ranked as the 29th-largest public company in the world, and additionally ranked as the 25th largest company of any type on the Fortune Global 500.

TotalEnergies international group is the world’s fith-ranked publicly-traded international oil company. More than 97.000 employees and over 130 nationalities are representing the workforce. Total Lubricants offers a wide range of products thanks to their diversified market segments as automotive, industrial market, and marine and for multiple uses like engine oil, gear oil, coolant liquids, metalworking, white oils, hydraulic & brake fluids.

Petromin

Petrolube Oil Company was formed in 1968 as the first lubricants company in the Kingdom of Saudi Arabia (KSA). It is a market leader in Oil and Greases with around 40% market share. Petrolube also markets its products under the Petromin name as well as other brand names across dozens of countries.

Additionally, Petrolube’s market facing brand, Petromin, has the highest brand equity among all lubricant brands in the market. It operates the largest and most modern lubricant blending plant in the MENA region and has state of the art lab facilities and exports to 35 countries and branch offices in UAE, Egypt, & Pakistan. Petrolube aims to provide the quality of products at a competitive advantage in terms of convenience to customers and price point.

The most important plants are in Jeddah a Lube oil blending and Grease plant with a big manufacturing capacity and the Riyadh Blending Plant with a capacity of around 75000 MT /annum and is equipped with In-Line blending capability.

Aljomaih And Shell Lubricating Oil Company Limited

Aljomaih and Shell Lubricating oil company Limited, (JOSLOC) a joint venture between ALjomaih Holdings company & Shell overseas investment B.V. JOSLOC Blends, markets and sells Shell lubricants in the Kingdom of Saudi Arabia wide. It has a state-of-the-art Lube Oil Blending Plant that is situated in Riyadh.
JOSLOC’s plant has the capability to produce the world class Shell lubricants. Apart from blending lubricants locally, the company also imports specialty lubricants from Shell plants worldwide.

The actual production began on the 15th of October 1985. The Plant was officially inaugurated by His Royal Highness Prince Salman Bin Abdulaziz, the Governor of Riyadh – at that time – on 16th March 1987 endorsing continuous support to the national and enhancement of the constructive cooperation between the two partners.

Why Lubricant Companies in Middle East?

The lubricant sector in the Middle East has a number of advantages, including a large and growing market, access to stable and reliable raw materials, and a strong focus on innovation and technology.

One of the key advantages of the lubricant sector in the Middle East is the size and growth potential of the market. The Middle East is home to a large and growing population, with a vibrant economy and a strategic location at the crossroads of Asia, Europe, and Africa. This provides a strong base for the lubricant sector, with a large and growing demand for lubricants across a range of industries, including automotive, industrial, and marine.

Another advantage of the lubricant sector in the Middle East is the access to stable and reliable raw materials. The region is home to some of the world’s largest oil and gas reserves, which provide a stable and reliable source of raw materials for the production of lubricants. This allows companies in the region to produce high-quality lubricants at competitive prices, and to maintain a strong and stable supply chain.

In addition, the lubricant sector in the Middle East is characterized by a strong focus on innovation and technology. Many companies in the region are investing in research and development, and they are developing new and improved lubricants, with advanced formulations and enhanced performance characteristics. This allows companies in the region to stay ahead of the curve and to offer innovative and high-performance products to their customers.