Our Heritage
Situated in the heart of Jeddah, Petromin’s legacy began in 1968 when it was first established as Petrolube through a Royal Decree, forming a joint venture between Saudi Aramco and Exxon Mobil. This significant partnership marked the inception of a company that would evolve into one of the region’s leading mobility solutions providers. The transformation from Petrolube to Petromin Corporation under the leadership of Al-Dabbagh Group symbolizes the company’s commitment to innovation, quality, and technology-driven solutions, all aimed at achieving mobility for all.
Key Milestones in Petromin’s History
- 1968: Saudi Aramco partners with Exxon Mobil to establish Petrolube.
- 1969: Petrolube is officially launched, laying the foundation for future growth.
- 1992: Petrolube expands its operations into Egypt, marking its first international footprint.
- 2007: Al-Dabbagh Group (ADG) collaborates with Gulf Oil to acquire Petrolube, ushering in a new era of expansion and innovation.
- 2012: Petromin launches its first fuel station in Saudi Arabia, diversifying its offerings.
- 2013: Al-Dabbagh Group fully acquires Petrolube. The same year, the first Petromin Express, initially known as ‘Gulf Express,’ is inaugurated in KSA.
- 2015: Petromin Express extends its services to Egypt, solidifying its presence in the region.
- 2016: Petromin becomes an authorized dealership for Nissan across Saudi Arabia and acquires Emirates Lubricants Co. in the UAE.
- 2018: Petromin Express makes its debut in the UAE and Pakistan, broadening its regional influence.
- 2020: The launch of Electromin, the first EV solutions company in Saudi Arabia, marks Petromin’s venture into the electric vehicle market. This year also sees the inauguration of the 100th fuel station in Egypt.
- 2021: Petromin launches the National Transportation Solutions Company and begins the nationwide authorized dealership of seven international brands under Stellantis.
- 2022: Electromin launches KSA’s first EV charging network with 100 stations across the Kingdom. Petromin also launches National Auto Parts (NAP) for multi-brand auto parts solutions, invests in the Indian auto-tech startup SpareIt®, and expands into Malaysia through a joint venture with DRB-HICOM and EON. Petromin Nissan introduces Saudi Arabia’s first female-run showroom in Khobar.
- 2023: Petromin pilots Saudi Arabia’s first EV delivery truck in partnership with PepsiCo Positive (pep+) Middle East. Electromin launches the Kingdom’s first EV ultra-fast DC charging network, and Petromin Fuel expands with 33 new fuel stations in KSA and Egypt.