Oil, Gas and Consumable Fuels
Company Overview of Korea National Oil Corporation
Korea National Oil Corporation, together with its subsidiaries, is engaged in the exploration, development, and production of crude oil and natural gas in Korea and internationally. The company operates in six segments: Resource Development and Refinery, Oil Trading, Oil Stockpiling, Financing, Drillship Chartering, and Others. It is involved in the purchase and sale of crude oil. The company also imports and exports crude oil and petroleum products; lends and sells oil stockpiles; constructs, manages, operates, and leases oil stockpiling facilities; and provides financing services for companies engaged in energy and natural resources industries. In addition, it is involved in the drillship ...
Founded in 1979
Key Executives for Korea National Oil Corporation
Chief of Institute of Exploration & Production Technology
Executive Vice President for Europe & Africa Group
Executive Vice President of Production Group and Director
Executive Vice President of Strategy & Planning Group and Director
Compensation as of Fiscal Year 2013.
Korea National Oil Corporation Key Developments
Irving Oil In Talks To Acquire Come By Chance Oil Refinery
Oct 28 13
Irving Oil Limited is in talks to acquire Come By Chance oil refinery, according to a local media report. Korea National Oil Corporation said it is considering selling non-core parts of its loss-making Harvest Operations and reviewing other overseas assets for potential sales.
Korea National Oil To Sell Non Core Assets Of Harvest
Sep 24 13
Korea National Oil Corporation intends to divest non-core assets of Harvest Operations Corp. Chief Executive Officer, Suh Moon-kyu, said that the company plans to sell Harvest, but Senior Executive Vice President, Joong-hyun, said on September 23, 2013 that it is planning to sell only non-core Harvest assets. Kim said, "Not only Harvest, we are currently re-evaluating all of our overseas assets including Dana Petroleum and could sell non-core parts of these units."
Korea National Oil Reportedly Seeks To Sell Come By Chance Refinery
Sep 17 13
Korea National Oil Corporation has hired Deutsche Bank to sell Harvest Operations Corp.'s Come By Chance oil refinery, according to people familiar with the matter. It’s unclear how much, if anything, the refinery could fetch should the company succeed in finding a buyer. According to Wall Street Journal, Harvest spokeswoman Kari Sawatzky declined to talk specifically about the refinery, which has changed hands four times since 1986, but said the company has been evaluating the different parts of its business since late 2012 to see what might go up for sale. “We’re looking at all of our opportunities right now,” Sawatzky said.
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