[Concall] S-OIL "Raise 4Q Refining Utilization Rate to Maximum Level"

[Asia Economy Reporter Hwang Yoon-joo] S-OIL stated during the Q3 earnings conference call held on the 28th, "We plan to operate the refining sector at maximum capacity in the fourth quarter."

S-OIL explained, "Although the refining margin situation is not favorable, it is due to the recovery in demand for some products."

However, they added, "The petrochemical sector's spread is not good, so it is unlikely to reach 100% from the current level of around 70%, and it is expected to remain at about 80%."