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![A view of S-Oil's $7 billion Shaheen project, which is being built in Ulsan. The construction is 85 percent complete, with an aim of finishing in June next year. [S-OIL]](https://image.koreajoongangdaily.com/12473615.jpg?imageId=12473615&width=240&height=184&format=webp&format=jpg)
![A distillation tower is installed at the Shaheen petrochemical project site in Ulsan on March 27. [HYUNDAI CONSTRUCTION & ENGINEERING]](https://image.koreajoongangdaily.com/11745920.jpg?imageId=11745920&width=240&height=184&format=webp&format=jpg)
![Construction is under way for S-Oil's $7 billion Shaheen petrochemical project in Ulsan. [S-OIL]](https://image.koreajoongangdaily.com/12314098.jpg?imageId=12314098&width=240&height=184&format=webp&format=jpg)
![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]](https://image.koreajoongangdaily.com/10253270.jpg?imageId=10253270&width=240&height=184&format=webp&format=jpg)