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THE INVESTOR
April 08, 2020
Big Reunion

Market Now

S-Oil inks W2.6tr deal with Aramco Singapore

  • PUBLISHED :February 19, 2019 - 12:02
  • UPDATED :February 19, 2019 - 12:02
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[DISCLOSURE] S-Oil (010950) announced on Feb. 19 that it has signed a 2.61 trillion won (US$2.31 billion) contract with Aramco Trading Singapore, an entity in special relationship with its largest stakeholder Aramco, to supply diesel oil, naphtha and jet fuel.

This amounts to 12.5 percent of its 2017 revenue and the contract is valid until Dec. 31.

By Hwang You-mee (glamazon@heraldcorp.com)

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