Saudi Aramco buys big

Saudi Arabia

SEOUL, January 6, 2017 – Saudi Aramco Products Trading Company has agreed to purchase diesel, naphtha and jet fuel from South Korea’s S-Oil, the latter said on Thursday.

Under the agreement, which covers the entirety of 2017, S-Oil will sell as many as 28 million barrels of diesel, 8 million barrels of naphtha and 2 million barrels of jet fuel. The deal with its largest shareholder is valued at USD 1 billion.

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