Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Ford to Move Some Lincoln Production From China to U.S. in 2030 
Add as a preferred source on Google
S-Oil Corporation announced this week it had appointed its new chief executive officer. The new company chief turned out to be the former CEO of Aramco Asia of the Saudi Arabia oil group.
The Seoul-headquartered petroleum refinery company named Anwar A. Al-Hejazi as its new chief on Tuesday, May 9. His appointment was finalized following an extraordinary shareholders’ meeting and board of directors’ meeting.
S-Oil’s appointment of a new leader came four years after it brought the preceding CEO, Hussain A. Al-Qahtani, to the office in the country. The petroleum firm’s parent company, Aramco, which is based in Dhahran, Saudi Arabia, holds a 63.4% stake in Korea’s S-Oil.
Anwar A. Al-Hejazi will also become S-Oil’s new representative director, aside from being its CEO. On the appointment, the board of directors said in a press release, “CEO Anwar Al-Hejazi’s expertise in the global energy industry as the officer of Saudi Arabia’s state-run oil and gas company Saudi Aramco will serve as a great contributor to S-OIL’s business success and global growth.”
The board further stated, “We believe he is the right person to show outstanding performance, especially when the company is pushing for the energy transition through the Shaheen Project, aimed at expanding petrochemical production, diversifying the business portfolio and carrying out a low-carbon hydrogen initiative and the 2050 Net Zero roadmap.”
Meanwhile, The Korea Times reported that the new S-Oil chief was born in Saudi Arabia and graduated with a chemical engineering degree at King Fahd University of Petroleum and Minerals. He first entered Aramco as an employee in 1996 and has held various positions since then.
He also served as the representative director of Aramco Asia Japan for two years, then was appointed as the president of Aramco Asia in 2018. Part of his job was managing the businesses of Saudi Aramco in the Asian region. He was also put in charge of securing joint venture investments with major refining companies in Japan, South Korea, and China.
Photo by: S-Oil/YouTube
