S-OIL CEO Anwar A. Al-Hejazi has gained the Gold Tower Order of Industrial Service Advantage for considerably contributing to Korea’s economic system on the 2025 International Firm Day ceremony held at Grand Intercontinental Seoul Parnas on Nov. 13.
He was acknowledged as an individual of benefit for his important contributions to enhancing basic competitiveness of home petrochemical business and driving business growth by efficiently continuing Shaheen Venture beneath his excellent management. The 9.3 trillion gained venture goals to proactively reply to vitality transition and strengthen S-OIL’s petrochemical enterprise portfolio for sustainable development.
After finishing the development of TS&D Heart at Magok advanced in Seoul (Sept. 2023) to bolster R&D of gasoline and petrochemical companies and lay the muse for brand new development engine applied sciences, the awardee acquired on Nov. 2024 a ultimate funding resolution (FID) of the Fuel Turbine Generator Venture (263 billion gained) to scale back carbon emissions.
S-OIL’s steady funding into its conventional and new enterprise has led to the numerous growth of the nation’s economic system as properly. In August final yr, S-OIL grew to become the primary home refiner to produce sustainable aviation gasoline (SAF) for normal business flights.
“With this honor and powerful assist of the Korean authorities, S-OIL will try for the profitable supply of Shaheen Venture to raise home petrochemical business’s competitiveness and S-OIL to the subsequent degree.” the CEO mentioned. “We intend this award to function a chance to broaden enterprise cooperation between Korea and Saudi Arabia as a strategic bridge in shaping future development,” he added.
S-OIL’s Shaheen Venture is the biggest petrochemical venture within the nation’s historical past that may construct one of many largest gasoline and petrochemical steam crackers on the planet. The venture is strategically vital each for Korea and Saudi Arabia as it would commercialize TC2C course of, developed by S-OIL’s mother or father firm Saudi Aramco, for the primary time on the planet. Moreover, it’s anticipated to considerably improve basic competitiveness of home petrochemical business at the moment challenged by massive 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 and gasoline services administration, enterprise growth, funding localization, mega-project administration and facility planning, and many others. 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.
