Saudi Arabian Oil
Scope
Date
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ECM/DCM
S.Korean brokerage lowers stock forecast for S-Oil over poor prospects
South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133,000 won due to a lo...
Jan 16, 2023 (Gmt+09:00)
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Energy
POSCO to enter palm oil refining market in Indonesia
POSCO International Co., a trading arm of South Korea’s steel giant POSCO Co., will build a palm oil refining plant in Indonesia to foray into...
Jan 10, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai to consider EV assembly plant in Saudi Arabia
Hyundai Motor Group, South Korea’s top automaker, plans to consider building an assembly plant for electric vehicles and internal combustion e...
Jan 01, 2023 (Gmt+09:00)
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Airlines
Jeju Air rules Korea-Japan routes to beat legacy carriers
Jeju Air Co., South Korea’s largest budget airline, is dominating flights to Japan to beat full-service carriers (FSCs) in the country such as...
Dec 09, 2022 (Gmt+09:00)
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Construction
HanmiGlobal lands series of orders from Saudi's Neom city project
HanmiGlobal Co. on Monday said it has earned contracts for the construction and development of Neom, the urban development project seeking to build ...
Nov 28, 2022 (Gmt+09:00)
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Energy
Korean refiners eye strong 2022 earnings as margins improve
Asia’s benchmark refining margin is staging a rebound, providing relief for South Korea’s oil companies, which now expect their full-yea...
Nov 23, 2022 (Gmt+09:00)
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Energy
SK Lubricants rebrands with name change as SK Enmove
SK Lubricants Co., the world’s leading lube base oil supplier, said on Sunday it will be rebranded as SK Enmove Co. on Dec. 1.The new name com...
Nov 21, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea LIG Nex1 to enjoy record earnings on missile exports
LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...
Nov 18, 2022 (Gmt+09:00)
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Business & Politics
Saudi prince’s Seoul trip brings $30 billion in business deals
Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...
Nov 17, 2022 (Gmt+09:00)
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Construction
Saudi crown prince to meet Korean business leaders in Seoul
Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...
Nov 15, 2022 (Gmt+09:00)
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Petrochemicals
S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...
Nov 14, 2022 (Gmt+09:00)
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Food & Beverage
Dongwon F&B to raise price of canned tuna again, this time by 7%
The price of manufactured food has been surging in recent months, beginning with ready-made rice, instant noodles, and snacks. This week...
Nov 11, 2022 (Gmt+09:00)
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Construction
Korean construction firms boost Saudi Arabia presence with megaprojects
RIYADH – South Korean firms are accelerating their efforts to win construction projects from Saudi Arabia as the Middle East’s largest e...
Nov 11, 2022 (Gmt+09:00)
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Energy
Hyundai Oilbank extends US fuel export deal with Sunoco
Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...
Nov 03, 2022 (Gmt+09:00)
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Energy
Oil prices to remain high, petrochem a concern: GS Caltex CEO
GS Caltex Corp. Chief Executive Hur Sae-hong said on Monday he expects global oil prices, which remain elevated due to geopolitical tensions, won&rs...
Oct 17, 2022 (Gmt+09:00)
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Airlines
OPEC output cut to worsen Korean airlines’ woes
South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...
Oct 06, 2022 (Gmt+09:00)
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Automobiles
EVs, hybrids in growing demand in used car market
Eco-friendly cars such as electric vehicles and hybrids have increased their share in South Korea's used car market, together accounting for 36% of ...
Oct 03, 2022 (Gmt+09:00)
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Construction
Doosan Enerbility wins $383 mn power plant deal from Saudi Arabia
South Korea's major power plant builder Doosan Enerbility Co. said on Friday it has won a 540 billion won ($383 million) contract to build a combine...
Sep 23, 2022 (Gmt+09:00)
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Steel
Steelmaker Husteel's operating profit skyrockets 579% in first half
Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry ...
Sep 08, 2022 (Gmt+09:00)
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Business & Politics
Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid
As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...
Sep 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Private equity firms buys shipbuilder Daehan for $150 mn
A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...
Sep 01, 2022 (Gmt+09:00)
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Earnings
Nongshim posts first operating loss from Korean sales in 24 years
South Korea’s top noodle maker Nongshim Co. has posted a quarterly operating loss from its domestic business – its first loss in 24 year...
Aug 17, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Aug 10, 2022 (Gmt+09:00)
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Steel
Korea's SeAH joins hands with Saudi Aramco on special steel
South Korea’s steel conglomerate SeAH Group has tied up with Saudi Aramco, Saudi Arabia's energy giant, to accelerate its expansion in the Mid...
Aug 08, 2022 (Gmt+09:00)
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Construction
Doosan wins $640 mn desalination plant deal in Saudi
South Korea’s Doosan Enerbility Co. secured a $640 million deal for a desalination plant in Saudi Arabia to meet water demand in the kingdom.D...
Aug 03, 2022 (Gmt+09:00)
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Earnings
South Korea’s top general trading giants embrace rising raw materials costs
Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...
Aug 02, 2022 (Gmt+09:00)
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Earnings
S-Oil sees softer Q3 refining margin after record Q2 profit
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Thursday posted record sales and operating profit for a second consecutive quarter o...
Jul 28, 2022 (Gmt+09:00)
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Energy
Korea's petroleum product exports hit record-high $28 bn in H1
South Korea’s top four oil refiners exported a combined $27.96 billion worth of petroleum products during the first half of 2022. This marked ...
Jul 26, 2022 (Gmt+09:00)
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Energy
Korea's top refiners likely to see strong 2022 despite tax concerns
South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...
Jul 13, 2022 (Gmt+09:00)
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Construction
Hyundai E&C, Samsung Eng. partner with Saudi Aramco
South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...
Jul 06, 2022 (Gmt+09:00)
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