January 24, 2025 [Reuters]- South Korea’s S-Oil, whose main shareholder is Saudi Aramco, on Friday said it expects steady first-quarter refining margin due to reduced exports from China and increased seasonal demand.
Over the October-December period, the refiner said it operated the crude distillation units (CDUs) at its 669,000 barrels-per-day (bpd) oil refinery in the southeastern city of Ulsan at 91% of capacity, compared to 93% during full-year 2024.
S-Oil said in an earnings presentation that it plans to shut its No.1 RFCC sometime in 2025 for scheduled maintenance.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data