Aramco amps up in South Korea with $1.6B bet on refiner Hyundai Oilbank

Mon, 28 Jan 2019 - 09:46 GMT

Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity.