By Tyler Losier, Energy Reporter, Oil & Gas 360

Inauguration of new facilities includes MoU to build new cracker by 2024
Saudi Aramco joined South Korea’s S-Oil this week to inaugurate the latter company’s new petrochemical facilities: the residue upgrading complex and olefin downstream complex.

The new refineries have boosted S-Oil’s petrochemical portion from 8% to 13%, including the production of products such as propylene and gasoline.

Source: Saudi Aramco

Attendees of the inauguration include Saudi Crown Prince Mohammed bin Salman Al-Saud, South Korean President Moon Jae-in, Saudi Minister of Energy, Industry and Mineral Resources Khalid Abdulaziz Al Falih and South Korean Minister of Trade, Industry and Energy Sun...

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