Lube World Co (Pvt) Ltd. (Authorized Distributor of Petromin)

Lube World Co (Pvt) Ltd. (Authorized Distributor of Petromin) Performance from the heart The General Petroleum and Mineral Organization (PETROMIN) was established by Saudi Arabia in 1962. oil companies' interest in ARAMCO.

In 1963, PETROMIN began marketing petroleum products in the kingdom. By 1980 PETROMIN was marketing all the oil produced in the kingdom that was not lifted by the ARAMCO (Arabian American Oil Company) partners, about 20 percent of total production. Under its president, Dr. Abdal Hadi Taher, a U.S.-trained petroleum engineer, PETROMIN developed as a fully integrated oil company. It established a va

st number of subsidiaries in refining, transport, and distribution. By the mid-1970s, PETROMIN was able to show the American owners of ARAMCO that the Saudi government, in the long run, could potentially control their oil operations independently from ARAMCO. It is not known if PETROMIN was actually an important factor in the negotiations for the friendly acquisition of the U.S. After ARAMCO was turned over to the Saudis, however, the role of PETROMIN started to decline. In 1994, PETROMIN and its successor company SAMAREC were merged into ARAMCO.

Address

344 (4th Floor), Free School Street, Sonargaon Road, Hatirpool
Dhaka
1205

Telephone

029612310

Website

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