S-Oil CEO wins top industrial honor

S-Oil CEO Anwar Al-Hejazi received the Gold Tower Order of Industrial Service Merit, the highest industrial honor bestowed by the Korean government, for his contributions to the nation’s economy on Thursday. Al-Hejazi was recognized for enhancing the competitiveness of Korea’s petrochemical industry and leading its development through the successful execution of the 9.3 trillion won ($6.33 billion) Shaheen Project. The large-scale initiative aims to respond to the global energy transition and strengthen S-Oil’s petrochemical business portfolio for sustainable growth. Under his leadership, S-Oil completed the TS&D Center at Seoul’s Magok-dong complex in September 2023 to boost research and development in fuel and petrochemical technologies. The company also secured a final investment decision in November 2024 for a 263 billion won gas turbine generator project, designed to reduce carbon emissions and improve operational efficiency. S-Oil’s continued investment in both traditional and new businesses has significantly contributed to Korea’s economic growth. In August 2024, theWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times