Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter. BP has been exploring all options around its Castrol business,

Saudi Arabian Oil Co. (Saudi Aramco) is considering a potential bid to acquire BP’s lubricants assets, including those operating under the Castrol bra

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 Castrol brand, Bloomberg reported.

Shares of lubes maker Castrol India, a unit of BP, surged more than 13 per cent on the bourses on Thursday amid reports that Saudi Arabia's state-owned oil giant Aramco is considering taking ownership of BP's lubricant brand.

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.

According to reports, Saudi Aramco is considering to buy BP's lubricant division, which operates under the Castrol brand

Saudi Aramco is considering a potential acquisition of bp's Castrol lubricant business, which could value the division at approximately $10bn (£7.77bn), reported Bloomberg. BP has been contemplating various options for its Castrol division,

Castrol lubricant business, which could be worth as much as ~$10B, Bloomberg reported Wednesday. Aramco (ARMCO) reportedly is studying whether to bid for part or all of the business, and could look to combine the Castrol assets with its Valvoline lubricants unit,