What is the latest status of the project “S-Oil's Shaheen Project”?

The status recorded for “S-Oil's Shaheen Project” is Under Construction.

Who are the main government, EPC, and private stakeholders for “S-Oil's Shaheen Project”?

Taiyo maps the stakeholders of “S-Oil's Shaheen Project”: EPCs/contractors (Saudi Aramco, S-Oil).

What is the budget and commercial profile for the project “S-Oil's Shaheen Project”?

Taiyo normalizes the budget of “S-Oil's Shaheen Project” to USD 7435780000.

Where can I verify the source and access all details for “S-Oil's Shaheen Project”?

This Taiyo project page references The Investor along with the original URL (https://www.theinvestor.co.kr/article/10421964). Taiyo standardizes official data into a consistent, searchable project profile.

S-Oil's Shaheen Project

Sector: Chemical (Industrial) • Location: Ulsan, South Korea

Source: The Investor

Project

Under Construction

S-Oil's Shaheen project is a significant investment aimed at revitalizing Korea's petrochemical industry. With a total cost of 9.26 trillion won, the project is expected to enhance cost competitiveness and energy efficiency in the sector. It is currently 55% complete and is set to begin commercial production in the second half of 2026.

Status: Under Construction
Sector: Chemical (Industrial), Commercial, Oil and Gas, Manufacturing (Industrial), Warehouse
Location: Ulsan, South Korea
Updated: 22 Jul 2026
Source: The Investor

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Project Information

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The project “S-Oil's Shaheen Project” is an infrastructure initiative in the Chemical (Industrial) sector, located in Ulsan, Ulsan, South Korea. Taiyo aggregates data on it from The Investor.

Participants

Company

Status

Original status	Under Construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	S-Oil's Shaheen project is a significant investment aimed at revitalizing Korea's petrochemical industry. With a total cost of 9.26 trillion won, the project is expected to enhance cost competitiveness and energy efficiency in the sector. It is currently 55% complete and is set to begin commercial production in the second half of 2026.
Original sector	Petrochemical
Budget

Location

Country	South Korea
State	Ulsan
City	Ulsan

Source

Source	The Investor
URL

More Details

Record type	Project
Sector	Chemical (Industrial), Commercial, Oil and Gas, Manufacturing (Industrial), Warehouse
Article published date	2025-02-28

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S-Oil's Shaheen Project

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