S-OIL Corporation

South Korea · Oil And Gas

S-OIL was established in 1976 and cultivated management characteristics with a mobility to match the international generation, and a management strategy for its profit-base to grow as a competitive oil-refining company. The company has facilities that produce lube base oil, petro-chemical products, and crude oil refining facilities of 669,000 barrels a day in the Onsan Industrial Complex of Ulsan. Based on the Xylene Center, which is the world's largest PX production facility, and the Bunker-C Cracking Center of worldwide standard, the company is establishing itself as a company that leads in environment protection and consumer protection by producing and supplying high quality petroleum products. Saudi Aramco, the world's greatest petroleum company that led the growth of S-OIL as the largest shareholder from the early 1990s, became the single largest shareholder of S-OIL in 2015. Through this, S-OIL gave high reliability to all shareholders. Also, high accessibility was obtained, as the global resource of Saudi Aramco will become a new opportunity for the growth of S-OIL. S-OIL had promoted the RUC/ODC project to secure a sustainable growth by entering petrochemical downstream business. The RUC/ODC project was successfully completed in 2018 and commenced commercial operation, which will further strengthen the vision of S-OIL as 'To be the most competitive, innovative and trusted energy & chemical company'.