 |
S-Oil headquarters. (Photo courtesy of S-Oil) |
[Alpha Biz= Kim Jisun] S-Oil said on Friday it has signed a long-term export marketing agreement with SABIC, an affiliate of Saudi Aramco, to sell polyethylene (PE) products overseas.
The five-year contract runs from January 2026 through December 2030 and is valued at approximately KRW 5.5 trillion (about USD 4 billion).
S-Oil said the agreement will help secure stable sales channels and enhance competitiveness amid volatility in the global PE market. The deal is also expected to ensure reliable export outlets for PE products produced at the company’s large-scale petrochemical project, known as the Shaheen Project.
The company added that the long-term partnership will strengthen its position in global petrochemical markets while supporting stable operations for its upcoming production capacity.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
