Saudi Aramco, through its South Korean subsidiary, S-Oil Corp has confirmed a US$7bn project to build a large-scale petrochemical plant.
Via Yonhap:
Shaheen Project aims to build a steam cracking facility
in the industrial city of Ulsan, about 300 kilometers southeast of Seoul
the Seoul-based subsidiary of Saudi Arabian Oil Co. (Aramco) said.
Link to Yonhap for more info
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