Business Services Industry
SOUTH KOREA: Construction plans for proposed $3,000,000,000 oil refinery, S-OIL CORP. [South Korea] Order #: 049406.
WWP-Business Opportunities in Asia & the Pacific, April, 2006
PROJECT OVERVIEW:
The local S-OIL CORP., in which SAUDI ARAMCO of Saudi Arabia has a 35% interest, is currently planning to build a new refinery in the country. Saudi Arabia, for that matter, has indicated that it was pushing to invest up to $3,500,000,000 to build a plant in South Korea to process clean fuels. S-OIL, for that matter, currently receives all of its crude oil from Saudi Arabia.
In any case, construction plans under consideration call for building a plant with an installed production capacity of 440,000 barrels per day. The new complex, of undisclosed cost, is to be sited in at Sosan city in western South Korea. The project would also reportedly also include the installation of a heavy oil upgrade unit as well as other secondary...
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