Korea National Oil Corporation (KNOC) is the national oil and gas company of South Korea and one of the most important industrial companies in the country. The company has operated and continues to operate oil and gas fields in Vietnam, Peru, Indonesia, Nigeria, Yemen, Kazakhstan, Russia, Canada, Venezuela and South Korea. The company has oil reserves of around 600 million barrels (95,000,000 m3) and gas reserves of 10 billion m3. On 26 September 2008 KNOC signed a deal with the Kurdistan Regional Government where KNOC was granted rights to explore and drill on several sites in the Iraqi Kurdistan in exchange for valuable support on a range of infrastructure projects. More information...
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