SK Energy Spins off Businesses; Petchem Unit Named SK Global Chemical

SK Energy (Seoul), as previously announced, has spun off its petrochemical, refining and lubricants businesses, and the company’s petrochemical business has been named SK Global Chemical. SK Energy announced last May that it would pursue a restructuring of its businesses. SK Energy has been renamed SK Innovation, and the company’s oil refining business will be called SK Energy, and the company’s lubricants business will be called SK Lubricants. The company announced in October 2010 that its refining and petrochemical businesses will form...

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