Oct 11 - Saudi Aramco & S-Oil Complete the Expansion of the Onsan Refinery

Source Press
Company Saudi AramcoS-Oil 
Tags Refining & Marketing Activities, Chemicals Activities
Date October 23, 2011

(Saudi Gazette) Saudi Aramco and  S-OIL inaugurated the completion of Onsan Refinery expansion in Ulju County, Ulsan, in the presence of President Lee Myung Bak. The inauguration celebrated the successful completion of the world’s largest single train PX plant. By selling products produced by the new plant to overseas markets,  S-OIL expects to add another $2 billion to its export revenues a year. The price of PX, which is the major production from the PX plant, has constantly rose since bottoming out from $847/ton in July, 2011 to reach record-high of $1,698/ton in March this year. It closed at an average of $1,675 in September.

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