RUC & ODC facilities

S-OIL Seals Long-Term Deal to Directly Import LNG with PETRONAS

S-OIL announced on August 25 that it signed an agreement to purchase 700,000 tons of LNG per year from Malaysia’s PETRONAS. The contract will run for 15 years from April of next year to 2033. The signing ceremony was held at the PETRONAS headquarters attended by Osman Al Gamdi, CEO of S-OIL and Datuk Anuar Taib, CEO of PETRONAS Upstream in Kuala Lumpur, Malaysia on August 24. S-OIL decided to directly introduce LNG for the first time to use it as a fuel for new plant operations and a raw material for hydrogen production. “The long-term contract with PETRONAS, Malaysia’s state-owned oil company enables us to enhance the stability of plant operation by securing the stable supply of LNG used as a fuel and a raw material,” S-OIL CEO Al-Gamdi said. S-OIL will boost its p...

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