S.Korea's S-Oil sells 11 mln barrels of naphtha to KPIC for 2017

Korea Petroleum Industries Co

22/11/2016 05:37

SEOUL, Nov 22 (Reuters) - South Korea's S-Oil Corp 
 010950.KS  has signed a deal to sell 11 million barrels of 
naphtha to Korea Petroleum Industries Co  004090.KS  at 577.6 
billion won ($491.80 million), S-Oil said on Tuesday.  
    S-Oil, whose main shareholder is Saudi Aramco  IPO-ARMO.SE , 
said in a filing to the stock exchange, it will supply naphtha 
to KPIC from Jan.1 2017 through Dec. 31, 2017.  
    South Korea's third largest refiner said the price was made 
on Japan quotes on a cost-and-freight (C&F) basis.   
     
($1 = 1,174.4500 won) 
 
 (Reporting by Jane Chung; Editing by Sunil Nair) 
 ((jane.chung@thomsonreuters.com; +82 2 3704 5667; Reuters 
Messaging: jane.chung.thomsonreuters.com@reuters.net)) 
 
Keywords: SOUTHKOREA SOIL/