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  • South Korean President and Aramco CEO attend S-OIL’s $7bn Shaheen groundbreaking
    édité le 10/03/2023 - Plus de news de "ARAMCO" - Voir la fiche entreprise de "ARAMCO"


South Korean President and Aramco CEO attend S-OIL’s $7bn Shaheen groundbreaking
South Korean President Yoon and Aramco President & CEO Amin H. Nasser attended the groundbreaking ceremony for the $7 billion Shaheen petrochemical project in Ulsan, South Korea.

Ministers and senior officials from both countries also attended the milestone event. The Shaheen project, which was announced in November 2022, is being developed by Aramco affiliate S-OIL and is a key part of Aramco’s regional crude to chemicals strategy.

Amin H. Nasser, Aramco President & CEO, said: “We are deeply honored by the presence of His Excellency President Yoon at this historic groundbreaking ceremony. Shaheen is among Aramco’s biggest international downstream investments, representing a significant and sizeable step forward in our liquids-to-chemicals expansion and another major milestone in further strengthening our presence in Korea.”

Shaheen is Aramco’s biggest investment in Korea to date and is expected to be one of the largest integrated steam crackers in the world. It is also the first major commercial deployment of Aramco’s thermal crude to chemicals technology, that was developed in collaboration with Lummus Technology.

About Aramco

Aramco is a global integrated energy and chemicals company driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, sustainable and useful, promoting stability and long-term growth around the world.


Origine : Communiqué ARAMCO

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