Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
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
