Aramco commits to 20yr S-Oil supply contract
2012-02-11 11:18:00 | read（1524）
Aramco commits to 20yr S-Oil supply contract
by Patrick Osgood on Feb 9, 2012
The deal will see Aramco supply S-Oil's total 669,000 barrels per day - or two ULCC tanker shipments a week - refining capacity.
Saudi Aramco has committed to a 20-year crude supply deal with South Korea’s S-Oil, according to a Reuters report citing S-Oil.
The deal will see Aramco supply S-Oil’s total 669,000 barrels per day – or two ULCC tanker shipments a week – refining capacity for the length of the contract, and is unusual in a market where one-year supply deals are the norm, the company said.
Pricing was not disclosed.
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