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
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, t ...
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 in 2016.
[
]
Corporate governance
, the CEO and Representative Director is Hussain A. Al-Qahtani.
Ownership
Saudi Aramco
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of ...
bought a 35% interest in August 1991, and increased it to 65% in 2014.
See also
* Economy of South Korea
References
External links
* (in English)
* (in Korean)
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
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