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Asharq Al-Awsat
Asharq Al-Awsat
Business
Seoul - Asharq al-Awsat

Aramco to Pump $7 Bn to Develop World's Largest Petrochemical Crackers in S. Korea

Aramco's refinery-integrated petrochemical steam crackers in Saudi Arabia (AP)

Saudi Aramco announced it was planning to invest $7 billion in South Korea to develop one of the world's largest refinery-integrated petrochemical steam crackers, which will be established in Ulsan city.

The "Shaheen" project is Aramco's most significant investment in South Korea to develop one of the largest steam crackers to maximize the crude to the chemicals value chain.

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