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Hyundai Oilbank

Company Summary

Operational Regions

  • Asia

Related Entities

Recent news

  • 6/15/2020 - South Korean Imports of... (subscriber access)
  • 12/18/2019 - Suadi Aramco Acquires... (subscriber access)

Company Transactions

Date: 12/18/2019
Type: Acquisition

BUYERS:
  • Saudi Arabian Oil Co. (Saudi Aramco)
    • SELLERS:
  • Hyundai Heavy Industries
  • Hyundai Oilbank
    • DETAILS:

    COST: 1.5 $B

    NOTES:
    Saudi Aramco has closed on its purchase of a 17% position in South Korean refiner Hyundai Oilbank for $1.2 billion. Aramco is looking to boost its owned refining capacity from 5 Mmbbl/d to 10 Mmbbl/d, with Oilbank owning 0.65 MMbbl/d in capacity.
    REGIONS:
  • Asia