Riyadh – Mubasher: South Korea's S-Oil Corp on Tuesday signed a $2.32 billion (KRW 2.61 trillion) contract to provide Aramco Trading Singapore with refined oil products over the coming period.
S-Oil will supply Aramco Trading Singapore with 17 million barrels of diesel, 13 million barrels of naphtha, and about 12 million barrels of jet fuel to the firm, Reuters reported, citing a statement by South Korea’s third-biggest refiner.
Aramco Trading Singapore is a subsidiary of the state-owned the Saudi Arabian Oil Co, which is known internationally as Saudi Aramco.
Aramco, the world's largest oil producer, is also the largest investor in S-Oil Corp.
