S-Oil Corporation (hangul:에쓰오일) is a petroleum and refinery company, headquartered in Seoul, South Korea. It was established in 1976 under its original name Korea-Iran 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
TypePublic
IndustryOil and gas
Founded6 January 1976; 45 years ago (1976-01-06)
HeadquartersSeoul, South Korea
Key people
Hussain A. Al-Qahtani (CEO)
RevenueIncrease US$28.8 billion (2011)
ParentSaudi Aramco
Websites-oil.com
S-Oil
Hangul
에쓰오일
Revised RomanizationEsseu Oil
McCune–ReischauerEssŭ Oil

S-Oil's Onsan Refinery in Ulsan, South Korea has a capacity of some 650,000 barrels per day (103,000 m3/d) in 2016.[1]

Corporate governanceEdit

As of 13 June 2019, the CEO and Representative Director is Hussain A. Al-Qahtani.[2]

OwnershipEdit

Saudi Aramco bought a 35% interest in August 1991, and increased it to 65% in 2014.[1] The common stock shares are traded on the Korea Exchange.[3]

See alsoEdit

ReferencesEdit

  1. ^ a b Al-Naimi, Ali (2016). Out of the Desert. Great Britain: Portfolio Penguin. pp. 168–170. ISBN 9780241279250.
  2. ^ "S-Oil appoints Hussain A. Al-Qahtani as new CEO", The Korea Times, Seoul, 13 June 2019. Retrieved on 20 June 20195.
  3. ^ "AOC | S-Oil Affiliation". aramcooverseas.com. Retrieved 2016-12-30.

External linksEdit