S.Korea's S-Oil to buy land to build oil refining, petchem plant

SEOUL Mon Feb 17, 2014 9:29pm EST

SEOUL Feb 18 (Reuters) - South Korea's S-Oil Corp has won a tender to buy land from Korea National Oil Corp (KNOC) to build a 5 trillion won ($4.72 billion) refining and petrochemical facility, a KNOC spokesman said on Tuesday.

State-run KNOC unveiled results of the tender closed on Monday to sell 92 hectares (227 acres) of land for 519 billion won, which S-Oil offered as a sole bidder, the spokesman said. (Reporting by Meeyoung Cho; Editing by Ed Davies)

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