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,

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,

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.

Saudi Aramco is considering a potential bid for BP's Castrol lubricants business, according to a Bloomberg News report on Wednesday, citing sources familiar with the matter.

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.