South Korea’s S-Oil Corp has signed a contract to sell 1.944 trillion won ($1.82 billion) worth of oil products including diesel and naphtha to Saudi Aramco's trading arm, Saudi Aramco Products Trading Co.
The contract will last for one year from Jan. 1 to Dec. 31, 2018, according to a bourse filing by S-Oil, whose main shareholder is Saudi Aramco.
The company will supply 9-25 million barrels of light sulphur diesel, 10-14 million barrels of light naphtha, and 6-7 million barrels of jet fuel, the statement said.
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