KNOCKorea National Oil Corporation
KNOCKurdistan National Oil Company
KNOCKiribati National Olympic Committee
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The discount retailers sell gasoline at prices around 2 percent lower than typical gas stations as they receive the fuel directly from KNOC and the NSCF.
1 percent at 1,807 pence at 1150 GMT on Friday, above the 1,800 pence level of KNOC s offer, indicating that investors have not given up hope KNOC will edge up its offer.
KNOC said it had secured non-binding letters of intent from investors representing 48.
KNOC has 75% participating interest in this block on behalf of itself and a Korean Consortium which includes LG International Corp.
The last time oil product consumption contracted was in 2008 as the global financial crisis fueled economic uncertainties and caused people and industries to cut back on spending, the KNOC said.
OMV was particularly interested in the small producing block for its pipeline and export facilities, but eventually backed away from a deal, KNOC sources say.
When the KRG gave Khurmala to KNOC in early November 2007, Baghdad strongly protested the move as this was listed in the draft federal law's Appendix A as being reserved for exclusive development by the proposed INOC.
KNOC itself, which has a substantial war chest to spend on cutting Asia's fourth-largest economy's almost total dependence on imported oil, recently spent $2.
National oil company KNOC went public with a 1800p a share bid for Dana Petroleum in July, but the Aberdeen-based firm says the offer - which the Koreans have refused to increase - is not high enough.
KNOC said Friday that it hadn't received a "satisfactory response from Dana Petroleum to enable both parties to move forward on the basis of this revised proposal.
M'Boundi is a quality asset and this is an excellent transaction for both Tullow and KNOC.
The discount stations plan to receive 50 per cent of their supply from KNOC and Samsung Total and the rest from local refineries.