Bid & Tender
S-Oil Signs Deal to Sell $1.8bn Diesel, Naphtha to Aramco's Trading Arm

Date : Feb 06, 2018

S-Oil Corp, South Korea’s third-biggest refiner, has signed a contract to sell a total of 1.944 trillion won ($1.82 billion) of oil products including diesel and naphtha to Saudi Aramco’s trading arm.

 

S-Oil, whose main shareholder is Saudi Aramco, said in a stock exchange filing that it will supply up to 25 million barrels of light sulphur diesel, up to 14 million barrels of light naphtha and up to 7 million barrels of jet fuel to Saudi Aramco Products Trading Co under the contract, valid between Jan. 1 and Dec. 31, 2018.