S-Oil Corporation () is a

petroleum Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring un ...

and

refinery A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value. Types of refineries Different types of refineries ...

company, headquartered in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

. It was established in 1976 under its original name Iran-Korea petroleum company (). It produces

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable s ...

, and

lubricant A lubricant (sometimes shortened to lube) is a substance that helps to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, ...

products. The company was listed as a ''Fortune'' Global 500 company in 2009 (Rank 441). S-Oil's Onsan Refinery in

Ulsan Ulsan (; ), officially the Ulsan Metropolitan City, is South Korea's seventh-largest metropolitan city and the eighth-largest city overall, with a population of over 1.1 million inhabitants. It is located in the south-east of the country, neighbo ...

, South Korea has a capacity of some in 2016.

Corporate governance

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

Ownership

Saudi Aramco Saudi Aramco ( ') or Aramco (formerly Arabian-American Oil Company), officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. , it is the fourth- l ...

bought a 35% interest in August 1991, and increased it to 65% in 2014. The common stock shares are traded on the

Korea Exchange Korea Exchange (KRX, ) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. History The Korea Exchange was created through the integration of K ...

References

External links

* Companies based in Seoul Non-renewable resource companies established in 1977 Oil companies of South Korea Chemical companies of South Korea Automotive fuel retailers South Korean brands Chemical companies established in 1977 South Korean companies established in 1977 Companies listed on the Korea Exchange Companies in the KOSPI 200 {{SouthKorea-company-stub

Corporate governance

Ownership

See also

References

External links