S-OIL, a majority-owned company of Saudi Aramco, has started construction on the Shaheen petrochemical project in Ulsan, South Korea, which involves an investment of $7 billion. The groundbreaking ceremony of the Shaheen petrochemical complex was held under the presence of South Korean President Yoon and Saudi Aramco President and CEO Amin Nasser. Amin H. Nasser […]
Saudi Aramco, through its affiliate S-OIL, will construct a new petrochemical cracker in South Korea, the Shaheen petrochemical project, in an effort to maximize its crude to chemicals value chain. The $7 billion-worth Shaheen project in South Korea is expected to change crude oil into petrochemical feedstock and almost double S-OIL’s chemical yield to 25% […]
