[Concall] S-Oil "No Funding Issues for Shahin Project... Able to Respond Even if Business Conditions Worsen"

On the 4th, S-Oil announced that the financing plan for the Shahin Project is progressing smoothly and that it can respond even if the business conditions continue to deteriorate.

During the Q3 earnings conference call on the same day, S-Oil explained, "The financing plan for the Shahin Project is proceeding without any changes or setbacks," adding, "Since the financing plan itself was established assuming a conservative business environment, it is being carried out in a way that can sufficiently absorb the recent market downturn."

It continued, "29% of the total investment amount is financed through external borrowing, and among this, agreements for facility loans and borrowings from major shareholders have been completed," further explaining, "This portion accounts for 67% of the externally borrowed funds."

Additionally, it emphasized, "Even if business conditions continue to worsen in the future, we can flexibly utilize the extension of crude oil credit terms from Saudi Aramco and respond by using the existing standby loan agreement of about 1 trillion won."