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| Company type | Public |
|---|---|
| KRX:010950 | |
| Industry | Oil and gas |
| Founded | 6 January 1976; 49 years ago (1976-01-06) |
| Founder | SsangYong Group National Iranian Oil Company |
| Headquarters | , |
Key people | Anwar A. Al-Hejazi(CEO) |
| Revenue |  US$34.4 billion (2023) |
| Parent | Saudi Aramco (63.45%) |
| Website | s-oil |
S-Oil Corporation (Korean: 에쓰-오일) is apetroleum andrefinery company, headquartered inSeoul,South Korea. It was established in 1976 under its original nameIran-Korea petroleum company (Korean: 한이석유). It producespetroleum,petrochemical, andlubricant products. The company was listed as aFortune Global 500 company in 2009 (Rank 441).
S-Oil's Onsan Refinery inUlsan, South Korea has a capacity of some 650,000barrels per day (103,000 m3/d) in 2016.[1]
S-Oil Corporation was founded in 1976 as the Iran-Korea Petroleum Company reflecting early international collaboration. In 1980 Completion of the Onsan Refinery inUlsan, South Korea, marking its entry into large scale refining. AfterIran Revolution Iran's overseas investments wre disrupted, and its stake in the South Korean venture became politically and commercially untenable. In 1980 The company was renamedSsangYoung Oil Refining Company, effectively ending Iran's direct involvement.[2]
As of 9 May 2023[update], the Representative Director and CEO is Anwar A. Al-Hejazi.[3]
In 1976-1980 TheNational Iranian Oil Company (NIOC), under the Shah of Iran, held a controlling major shareholder before breakup.[2]Saudi Aramco bought a 35% interest in August 1991, and increased it to 65% in 2014.[1] The common stock shares are traded on theKorea Exchange.[4]
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