S-Oil Explained

S-Oil Corporation
Type:Public
Hq Location City:Seoul
Hq Location Country:South Korea
Key People:Anwar A. Al-Hejazi
Industry:Oil and gas
Revenue: US$34.4 billion (2023)
Parent:Saudi Aramco (63.45%)

S-Oil Corporation (hangul:에쓰-오일) is a petroleum and refinery company, headquartered in Seoul, South Korea. It was established in 1976 under its original name Iran-Korea petroleum company (hangul:한이석유). It produces petroleum, petrochemical, and lubricant products. The company was listed as a Fortune Global 500 company in 2009 (Rank 441).

S-Oil's Onsan Refinery in Ulsan, South Korea has a capacity of some 650000abbr=outNaNabbr=out in 2016.

Corporate governance

, the Representative Director and CEO is Anwar A. Al-Hejazi.[1]

Ownership

Saudi Aramco bought a 35% interest in August 1991, and increased it to 65% in 2014.[2] The common stock shares are traded on the Korea Exchange.[3]

See also

Notes and References

  1. https://www.koreatimes.co.kr/www/tech/2023/05/419_350648.html "Former Aramco Asia chief becomes S-Oil CEO"
  2. Book: Al-Naimi . Ali . Out of the Desert . 2016 . Portfolio Penguin . Great Britain . 9780241279250 . 168–170.
  3. Web site: AOC S-Oil Affiliation. aramcooverseas.com. 2016-12-30.