SEOUL, March 17 S-Oil Corp (010950.KS) said on
Monday it will set up a 35 billion won ($35.10 million)
lubricants joint venture in South Korea with Total (TOTF.PA),
the world's fourth-largest integrated listed oil and gas
The South Korean refiner said in a statement that the 50:50
joint venture, to be named S-Oil Total Lubricants Co Ltd.
(STLC), would be set up by May with a production capacity of
more than 2,500 barrels per day (bpd).
S-Oil, South Korea's third-largest refiner, exports more
than 60 percent of its petroleum and petrochemical products.
(Reporting by Angela Moon; Editing by Yoo Choonsik)