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Korea's petrochemical industry on edge as Aramco project in Ulsan threatens to render producers obsolete

S-Oil’s 9 trillion won Shaheen Project is nearing its first test as Aramco tries to prove a world-first process that could challenge Korea and China’s conventional petrochemical producers.

2026.6.28

Khalid A. Radi, third from right, representative director of Aramco Korea, Kim Tae-kyoon, fourth from right, vice mayor of Seoul Metropolitan Government and other executives and officials from related companies take a photo after signing an agreement on the reusable plastic container program at Gocheok Sky Dome in Seoul on June 24. [ARAMCO KOREA]

Aramco Korea to sponsor distribution of reusable food, drink containers to Seoul's baseball stadiums

Aramco Korea is sponsoring a program to distribute 150,000 reusable food and drink containers to Seoul's two big baseball stadiums as part of efforts to reach a shared goal of cutting plastic waste with the Seoul Metropolitan Government.

2025.6.24

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Construction is under way for S-Oil's $7 billion Shaheen petrochemical project in Ulsan. [S-OIL]

S-Oil says Ulsan $7 billion petrochemical project is '55 percent complete'

S-Oil's $7 billion Shaheen petrochemical project in Ulsan is 55 percent complete.

2025.2.17

Former S-Oil chairman Kim Sun-dong dies at 81

Former S-Oil chairman Kim Sun-dong, a renowned figure in the oil industry, has passed away at 81.

2024.8.12

From left are Kim In-seok, CEO of LG Sports; Ko Young-seop, president of the Doosan Bears; Bong Yang-soon, head of the Environment and Water Resources Committee and a member of the Seoul Metropolitan Council; Oh Se-hoon, mayor of Seoul; Khalid Radi, acting representative director of Aramco Asia Korea; Yoon Hye-yeon, chairman of the Seoul Association of Self-Sufficiency Promotion Centers; Shin Hee-ho, president of Amoje Food at the 'Multi-use Plastic Food Tray Program' partnership agreement ceremony at Seoul City Hall. [ARAMCO KOREA]

Aramco, Seoul team up to introduce reusable trays at Jamsil Stadium

Aramco Asia Korea signed an agreement with the city to replace disposable containers with reusables at Jamsil Stadium.

2024.4.14

Samsung E&A CEO Namkoong Hong second from left, and Saudi Aramco executives pose for the photo after a signing ceremony on Tuesday at Dhahran, Saudi Arabia, to build gas processing facilities for the Fadhili industrial complex. [SAMSUNG E&A]

Samsung E&A, GS E&C secure $7.22 billion water and gas projects in Saudi Arabia

Two Korean construction companies have clinched a $7.22 billion project from Saudi Aramco, the national oil company of Saudi Arabia, to construct gas processing facilities within the country, announced the presidential office on Wednesday.

2024.4.3

Aramco's Ras Tanura refinery in eastern Saudi Arabia [ARAMCO]

Oil giant Aramco gears up for a low-carbon future

Aramco, the world's largest oil company, is looking to diversify its investments and create new outlets for crude oil production as Asian countries move away from fossil fuels.

2023.12.12

From fifth from left, Gangseo District Mayor Jin Gyo-hoon and S-Oil CEO Anwar A. Al-Hejazi participate in the tape-cutting ceremony for the Shaheen TS&D Center on Thursday. [S-OIL]

S-Oil completes new $111M research center in Seoul

S-Oil has opened its new Technical Service & Development Center in Seoul, which will focus on developing petrochemical and lubricant products for eco-friendly vehicles.

2023.11.23

S-Oil has signed a letter of intent with Aramco to procure low-carbon ammonia. [S-OIL]

S-Oil partners with Aramco to import low-carbon ammonia

Korean petroleum company S-Oil has signed a letter of intent with Aramco to import low-carbon ammonia for its efforts to reduce greenhouse gas emissions.

2023.10.25

Yasir O. Al-Rumayyan, the governor of Saudi Arabia's sovereign wealth fund and the board chairman of state-run Aramco [ARAMCO]

Saudi wealth fund governor visits Korea

Yasir O. Al-Rumayyan, the governor of Saudi Arabia's sovereign wealth fund and the board chairman of state-run Aramco, one of the world’s largest companies, is meeting with local business executives including HD Hyundai chief Chung Ki-sun in Korea.

2023.9.7