- Business
- S-Oil Corporation is a prominent South Korean enterprise specializing in petroleum refining, petrochemicals, and lubricant manufacturing. Its offerings include a wide array of refined products such as gasoline, diesel, jet fuel, LPG, and asphalt. It also produces key petrochemical components like benzene, xylene, propylene, and MTBE, along with a diverse range of lubricant oils. The company operates an integrated production complex in Ulsan, boasting a crude oil refining capacity of 669,000 barrels daily and facilities for advanced petrochemical processes. S-Oil supplies both its domestic market and maintains significant international exports across Asia, the Americas, and Europe. Notably, the multi-billion-dollar Shaheen Project is underway, slated for mid-2026 commercial launch, to substantially expand its high-value petrochemical capabilities with cutting-edge Thermal Crude-to-Chemicals technology. Founded in 1976 and headquartered in Seoul, South Korea, S-Oil Corporation is a subsidiary of Aramco Overseas Co., B.V.