| President Yoon Suk Yeol, center, shovels sand at a groundbreaking ceremony for S-Oil's 9.26 trillion won ($7 billion) "Shaheen" project at the Aramco-owned oil refiner's factory in Ulsan, Thursday. Shaheen, or falcon in Arabic, Saudi Arabia's national bird, involves the construction of Korea's largest petrochemical plant in the southern city by 2026. Second from left are Ulsan Mayor Kim Doo-kyum, S-Oil CEO Hussain A. Al-Qahtani, Yoon and Aramco CEO Amin H. Nasser. Aramco is a Saudi state-run global oil giant, which holds the largest stake in S-Oil. Courtesy of S-Oil |
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