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

PETROMIN CELEBRATES WITH ITS PARTNERS

Jeddah, January 2010: Petromin the leading lubricant oil company in the Kingdom of Saudi Arabia, celebrated the launch of its new identity with its partners -distributes of Petromin’s products- in a special celebration. Various distributers and government officials attended the special occasion, where they witnessed the unveiling of the company’s new logo, in a special atmosphere at the Four Seasons Hotel in Riyadh.


This celebration along with the new logo and identity are part of Petromin’s new strategic plans in the next period. Petromin has also announced additional investments in the Saudi market, as well as developing programs in the field of client servicing, and the pursuit of maintain and strengthening its leadership in producing lubricant oils in the Saudi market.

Mr. Samir Nawar, CEO of Petromin Corporation, gave a speech during the occasion where he thanked all the partners for their commitment and contribution in the success of Petromin, and their aggressive encouragement to achieve more success in the next period. Mr. Nawar commented on the new logo and identity by stating “Today, we find ourselves with you at the beginning of our new stage, which focuses on change. Some of you might ask: why change? And our answer is that we are adopting change to renew our commitment, improve our products, developing our existence in the market, and strengthening our marketing and advertisement abilities. Thus, we have set up all standards to live with the world we live in today, and to meet our client’s expectation.”

Petromin’s activities have a positive impact on the Saudi Arabia’s labor market and the new factory has already and will further provide jobs for highly-skilled people in the region. The company's new corporate identity which reflects the new energetic spirit of Petromin is part of its all new business strategy to maintain and further enhance its capabilities to develop new world class products for the Saudi and regional market.

PETROMIN COMMENDS ACTIVITIES OF FOURTH ARAB INDUSTRIAL AND NETWORK INFORMATION CONFERENCE

Riyadh, December 2009: Eng. Samir Nawar, CEO of Petromin Corporation, commended the activities, venue and exhibition of the fourth Arab Industrial and Network Information Conference. The conference was held in Riyadh under the theme : Industrial Information with Advanced Technology (The Way for a competitive Arabian Industry).

Eng. Samir Nawar, presented a paper at the conference, underlined the importance of adopting information technology and developing networks for the industrial service through strategic steps that consist of classifying the industrial sectors according to their needs and usage. The chemical components in oil lubricant products will also be developed accordingly with latest technology and equipment, as well as sharing information and available technology with various sectors. The strategies also include following up on the performance of the products, analyzing oil products, supplying relevant sectors with tests results, and finally preparing field and market research for any additional.

“Petromin Corporation is obligated to follow strict rules and regulations to guarantee the highest standards of quality, through a clear and understandable system that includes manufacturing products according to the demands and standards of all companies that produce oil and engine products. As well as conducting lab analysis to make sure it follows the physical and chemical standards, and implementing the quality system accordingly with the ISO, SASO, and the API standards.” The CEO of petromin added.

H.E. Mr. Abdullah Zainal, Minister of Trade, made a visit to Petromin’s booth in the exhibition area, and praised Petromin for the important role it is taking on as a leading company and a prominent national company in the field of lubricant oils and greases.