Reported about 21 hours ago
Saudi Aramco is contemplating an offer for BP's Castrol lubricant assets as part of its strategy to expand in key oil-consuming markets. The potential acquisition could merge with Aramco's existing Valvoline lubricants unit and includes interests in rapidly growing regions like India. The Castrol business, under review by BP, could be valued at around $10 billion, and Aramco remains in early discussions about pursuing this bid.
Source: YAHOO