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

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SEOUL :SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday its 2022 refining margin is projected to stay flat as the current COVID-19 surge tapers off and demand bounces back to normal, boosting refinery run rates. The company posted an operating loss of 47 billion won ($39 mill

SEOUL :SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday its 2022 refining margin is projected to stay flat as the current COVID-19 surge tapers off and demand bounces back to normal, boosting refinery run rates.

Shares in SK Innovation slid 5.6per cent as of 0040 GMT, versus the broader Seoul market's 0.5per cent fall.

 

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