Saudi Aramco Weighs Bid for BP’s Castrol Lubricant Assets

Bloomberg

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Saudi Aramco Weighs Bid for BP’s Castrol Lubricant Assets

Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, according to people with knowledge of the matter.

offshore-technology.com

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Saudi Aramco eyes acquisition of bp’s Castrol lubricants business

Saudi Aramco is considering a potential acquisition of bp's Castrol lubricant business, which could value the division at approximately $10bn.

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Castrol India Share Price Rises As Saudi Aramco Looks To Pick Up Stake

Castrol India Ltd.'s share price surged over 13% as Saudi Aramco is reportedly considering a potential offer for lubricant assets being sold by BP Plc.Saudi Aramco, the world’s largest energy company, is exploring the possibility of bidding for part or all of BP’s lubricant business, which operates under the Castrol brand name, Bloomberg reported.This move is part of Aramco’s strategy to expand its presence in oil-consuming countries. If success…

TheSpuzz

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Castrol India share price jumps 6% amid reports of potential Saudi Aramco bid for BP’s lubricant business

Source: Live Mint Castrol India share price jumped nearly 6% on Thursday following reports that Saudi Aramco is considering a potential bid for BP Plc’s lubricant business. Castrol India shares rallied as much as 5.93% to ₹235.50 apiece on the BSE. According to a Bloomberg News report, Saudi Aramco, the world’s largest energy company, is evaluating the possibility of acquiring part or all of BP’s lubricant business, which operates under the Ca…

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Saudi state oil company Saudi Aramco is considering making a bid for British motor oil brand Castrol, which may be sold by British oil and gas company BP. This was reported by Bloomberg news agency based on sources. BP said last week that it had a plan to sell billions of activities and a sale of Castrol could be part of this. According to Bloomberg, Castrol is valued at around 10 billion dollars.

Rigzone

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Saudi Aramco Weighs Bid for BP's Castrol Lubricant Assets

Aramco said last year it's looking for more refining and chemicals acquisitions in Asia and sees China, India and southeast Asia as its big growth markets....