KNOCKorea National Oil Corporation
KNOCKurdistan National Oil Company
KNOCKiribati National Olympic Committee
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Knoc has a 30 per cent stake in Adnoc's Al Dhafra Petroleum company and is seeking to increase oil storage in the Republic of Korea by 24 million barrels until 2025 and GS Energy, an independent Korean energy company has a 10 per cent stake in Al Dhafra Petroleum and 3 per cent stake in Adnoc Onshore.
KNOC's ratings are equalised with those of South Korea, as per Fitch's Government-Related Entities (GRE) Rating Criteria, reflecting the company's close operational and strategic ties with the sovereign.
Project Finance Halba Oil Field project will be 40 per cent owned by KNOC & GS Energy and 60 per cent by Abu Dhabi National Oil Company (Adnoc).
StorExcel will initially install the new workflow at the KNOC facility.
KNOC and UNG were to explore Chust-Pap and Namangen-Terachi in the eastern part of Uzbekistan.
Petronas and KNOC withdrew from the consortium in May 2011 and September 2013, respectively.
KNOC was an aggressive acquirer of energy assets in the aftermath of the global financial crisis.
The agreement was signed by Abdulla Nasser Al Suwaidi, Adnoc's Director General, Moon Kyu Seo, KNOC's president and CEO, and Kyu Han Kim, Kigam president.
Two companies that offer the lowest prices will be selected as preferred bidders on June 23, KNOC said in a statement last week.
KNOC carries out exploration works on two blocks of Ferghana region - West Fergana and Chinabad since 2010.
State-run Korea National Oil Corp (KNOC), which paid USD1.7bn (EUR1.3bn) for Harvest in 2009, is selling assets overseas after higher refining costs and declining margins at the Canadian company led to loss in 2012 and the first half of 2013, Reuters reported.
"Crude imports from Iran increased in September compared with the previous month," a KNOC official said.