SK Innovation expects refining margin in 2022 to stay flat as COVID-19 surge tapers off

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SEOUL : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday that refining margin in 2022 is projected to stay flat as COVID 19 surge tapers off and demand bounces back to normal, pushing refineries to ramp up run rates. The company posted an operating loss of 47 billion won

SEOUL : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday that refining margin in 2022 is projected to stay flat as COVID 19 surge tapers off and demand bounces back to normal, pushing refineries to ramp up run rates.

The company posted an operating loss of 47 billion won in the October-December quarter, compared with an operating loss of 199 billion won from a year earlier.

 

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