S-OIL CEO Anwar A. Al-Hejazi has received the Gold Tower Order of Industrial Service Benefit for considerably contributing to Korea’s financial system on the 2025 International Firm Day ceremony held at Grand Intercontinental Seoul Parnas on November thirteenth.
He was acknowledged as an individual of advantage for his important contributions to enhancing basic competitiveness of home petrochemical trade and driving trade growth by efficiently continuing Shaheen Venture underneath his excellent management. The 9.3 trillion Gained mission goals to proactively reply to power transition and strengthen S-OIL’s petrochemical enterprise portfolio for sustainable progress.
After finishing the development of TS&D Heart at Magok complicated in Seoul (Sept. 2023) to bolster R&D of gasoline & petrochemical companies and lay the inspiration for brand spanking new progress engine applied sciences, the awardee acquired FID (Last Funding Determination, Nov. 2024) of Gasoline Turbine Generator Venture (263 billion. Gained) to scale back carbon emission, and so on.
S-OIL’s steady funding into its conventional and new enterprise has led to the numerous growth of the nation’s financial system as properly. In August final 12 months, S-OIL turned the primary home refiner to produce SAF (Sustainable Aviation Gasoline) for normal industrial flights.
“With this honor and powerful help of the Korean authorities, S-OIL will attempt for the profitable supply of Shaheen Venture to raise home petrochemical trade’s competitiveness and S-OIL to the following stage.” the CEO stated. “We intend this award to function a possibility to broaden enterprise cooperation between Korea and Saudi Arabia as a strategic bridge in shaping future progress” he added.
S-OIL’s Shaheen Venture is the most important petrochemical mission within the nation’s historical past that can construct one of many largest gasoline & petrochemical steam crackers on the earth. The mission is strategically vital each for Korea and Saudi Arabia as it can commercialize TC2C course of, developed by S-OIL’s father or mother firm Saudi Aramco, for the primary time on the earth. Moreover, it’s anticipated to considerably improve basic competitiveness of home petrochemical trade at present challenged by giant capability addition in China.
The Saudi-born CEO Al-Hejazi, who majored in chemical engineering at King Fahd College of Petroleum and Minerals, joined Saudi Aramco in 1996. Since then, he gained huge expertise in oil & fuel services administration, enterprise growth, funding localization, mega-project administration and facility planning, and so on. for 29 years. He was appointed because the Consultant Director of S-OIL in Could 2023.
Beforehand, he served as Consultant Director of Aramco Asia Japan in 2016 and later as President of Aramco Asia in 2018 the place he oversaw enterprise in Asia together with creating strategic three way partnership funding with firms in Korea, China and Japan and constructing collaborative relations with enterprise companions.
