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S-Oil Wins 899 Bln Won Order To Supply Naphtha In S.Korea
S-Oil to pay semi-annual cash dividend as 600 won/share
S-Oil to pay annual cash dividend for 2017
S-OIL Corporation is an energy company. The Company is an oil refining company that has over three crude distillation units to 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. It operates a Residue Upgrading Complex (RUC)/Olefin Downstream Complex (ODC) Project in petro-chemical downstream business. Through the RUC/ODC Project, it focuses on offering gasoline and olefine downstream product. ODC is the facility that produces olefin downstream products, propylene oxide (PO) and polypropylene (PP), from residue. The Company's BTX Facility produces aromatic petro-chemistry products, such as benzene, toluene, and xylene by adding naphtha. The Company is engaged in operating the S-OIL Upgrading Program of Existing Refinery (SUPER) Project in its refining and petrochemical businesses. Its lubricant portfolio includes S-OIL 7, Dragon and GOODOIL.
Oil & Gas Operations
192, Baekbeom-ro, Mapo-gu
Bong Su Park
Chief Executive Officer, Director
Yeong Yil Cho
Chief Financial Officer, Senior Vice President
Jong Beom Ahn
Senior Vice President
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* Sees inventory build-up ahead of IMO 2020 supporting Q4 margins
S-Oil, South Korea's third-largest refiner, said on Wednesday that refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.
S-Oil <010950.KS>, South Korea's third-largest refiner, said on Wednesday it expects refining margins to strengthen in coming quarters, supported by demand for new low-sulfur marine fuels and the U.S. driving season.
South Korea's S-Oil, South Korea's third-largest refiner, said on Wednesday that inventory build-up ahead of the implementation of new shipping rules in 2020 will support refining margins in the third and fourth quarters.
S-Oil Corp, South Korea's third-biggest oil refiner by capacity, said it expects refining margins to recover in the second quarter, supported by tighter supply of refined products as many peers take plants off line for regular maintenance work.
South Korean oil refiners S-Oil Corp and Hyundai Oilbank Co have agreed to settle criminal and civil charges of rigging bids to supply fuel to the U.S. military, the Justice Department said on Wednesday.
S-Oil Corp, South Korea's third-biggest refiner, said on Tuesday that it has signed a contract to sell a total of 2.61 trillion won ($2.32 billion) worth of refined oil products to Saudi Aramco's trading arm.
* Plans to shut down No.3 CDU, CFU in March for 30 days for maintenance
S-Oil Corp, South Korea's third-biggest refiner by capacity, said on Monday that refining margins are expected to improve in 2019, supported by growing diesel demand.
* New refining, petchem units to start commercial operations in Nov
S-Oil Corp, South Korea's third-largest refiner by capacity, said on Friday that seasonal demand and tight supply in the region are expected to help refining margins increase in the fourth quarter.
Saudi Arabia's state-owned oil giant Aramco is teaming up with South Korean refiner S-Oil Corp <010950.KS> for a joint reception at this year's Asia Pacific Petroleum Conference (APPEC) in Singapore, according to two industry sources.
Saudi Arabia's state-owned oil giant Aramco is teaming up with South Korean refiner S-Oil Corp for a joint reception at this year's Asia Pacific Petroleum Conference (APPEC) in Singapore, according to two industry sources.
S-Oil Corp, South Korea's third-biggest oil refiner, on Wednesday said that strong demand growth in the region would support refining margins in the second quarter of this year.
Malaysian state-owned oil company Petroliam Nasional Berhad, better known as Petronas, on Tuesday said it had delivered its first liquefied natural gas (LNG) cargo to South Korea's No.3 refiner S-Oil Corp .
S-Oil Corp, South Korea's third-biggest refiner, said on Wednesday that it has signed a contract to sell a total of 1.944 trillion won ($1.82 billion) of oil products including diesel and naphtha to Saudi Aramco's trading arm.
South Korea's S-Oil corp said on Monday that profits from refining crude oil would stay strong for the next couple of years due to a tight outlook for supply.
* Sees Arab Light Crude OSP steady with last year (Adds comment, detail)
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