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KNOC

South Korea April Iran crude imports

South Korea April Iran crude imports up 42 percent Y/Y -KNOC

Imports over 250,000 bpd Iran crude in April vs. term 200,000 bpd; Jan-April Iran crude imports at 208,700 bpd, down 10 pct yr/yr; Saudi, Kuwait, UAE, Qatar plug the gap with higher supplies; South Korea's total crude imports down 3.7 pct in April y/y

May 29, 2012 12:15
 
South Korea takes 40 percent stake in UAE oilfields

South Korea takes 40 percent stake in UAE oilfields

A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said on Monday.

March 5, 2012 1:21
 

S. Korea secures Abu Dhabi Oil in huge deal

Ensures S.Korea's stakeholding in over 1 bln bbls reserves; MOU worth $97.7 bln on oil prices now -presidential office; Also agrees to develop 3 oil areas with 570 mln bbls; S.Korea to store 6 mln bbls of Abu Dhabi crude "for free"; S.Korea oil self-sufficiency rate eventually to be 15 per cent

March 13, 2011 2:50