S-Oil Appoints Anwar Al Hizazi as New CEO

S-OIL announced on the 9th that it held an extraordinary general meeting of shareholders and a board meeting, appointing Anwar Al Hizazi, former President of Aramco Asia, as the new Chief Executive Officer (CEO).

Anwar Al Hizaji, CEO of S-Oil

The S-OIL board stated, "Anwar Al Hizazi CEO is an expert in the energy industry who has served as an executive at Saudi Arabia's national oil and energy company Aramco, and we believe he will contribute to the company's management, global growth, and development."

CEO Al Hizazi, originally from Saudi Arabia, majored in Chemical Engineering at King Fahd University of Petroleum and Minerals. He accumulated extensive experience over 27 years at Saudi Aramco since 1996, in various fields including oil and gas production facility management, business development, investment localization, mega-project management, and facility planning.

He served as President of Aramco Asia Japan from 2016 and, since 2018, as President of Aramco Asia overseeing the Asia region, leading strategic joint venture investment development and cooperative relationships with companies in Korea, China, and Japan.

Especially during his tenure as President of Aramco Asia, he expanded Aramco's market share by building relationships with current and potential customers in crude oil and LPG sales across the Asia region, solidifying Aramco's position as the largest crude oil supplier in Korea, Japan, and China.

He also played a key role in several Korea-related projects, discovering new business opportunities in low-carbon ammonia and hydrogen sectors, and facilitating the signing of memorandums of understanding (MOUs) between Saudi Aramco and ten major companies in Korea and Japan.

An S-OIL official said, "CEO Al Hizazi has demonstrated leadership by accumulating expertise and rich experience in various fields such as facility operations, project planning and management, marketing activities in the Asia-Pacific region, and participation in venture capital fund management. He is an excellent candidate to achieve outstanding results in strategic growth preparing for the upcoming era of energy transition, including the successful construction of the Shahin project for petrochemical expansion and portfolio advancement, entry into the low-carbon hydrogen economy, and the promotion of the 2050 carbon neutrality roadmap."

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