Korea National Oil Corp - Company Profile
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Korea National Oil Corp (KNOC) is a state-owned integrated oil company that carries out the exploration, development and production of oil and gas and stockpiling of petroleum resources. It purchases and sells crude oil, distributes gasoline and refined products. KNOC also imports and exports crude oil and petroleum products, operates and leases stockpile facilities, and provides financing services for companies in energy and natural resources industries. It also provides other research services. The company has operations in Libya, Vietnam, Peru, Yemen, Venezuela, the US, Canada, the UK, Kazakhstan, and Iraq, among others. It carries out energy projects on behalf of the Korean government. KNOC is headquartered in Ulsan, South Korea.
Headquarters
South Korea
Address
305, Jongga-Ro, Jung-Gu, Ulsan, 44538
Website
www.knoc.co.kr
Telephone
82 52 2162114
Industry
Energy and Utilities
Revenue (2024)
$2.6B
Korea National Oil Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Diesel | Electricity Services |
| Crude Oil | Oil Information Service |
| Natural Gas | Petroleum Stockpiling |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In November, the company acquired a 29% stake in VIC/P79 and T/49P Exploration Permits in Australia from ConocoPhillips Australia and 3D Energi. |
| 2022 | Contracts/Agreements | In October, the company entered into an agreement to divest the Dutch assets of Dana Petroleum to Waldorf Production. |
| 2022 | Contracts/Agreements | In March, the company and Hanwha Corp joined hands to establish a hydrogen-ammonia value chain from the establishment of storage infrastructure to the production and supply of hydrogen through ammonia cracking. |
Competitor Comparison
| Key Parameters | Korea National Oil Corp | SK Innovation Co Ltd | CPC Corp | GS Caltex Corp | S-Oil Corporation Inc |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | Taiwan | South Korea | South Korea |
| City | Ulsan | Seoul | Taipei | Seoul | Seoul |
| State/Province | - | - | - | Seoul | - |
| No. of Employees | - | 2,148 | 16,637 | 3,174 | 2,865 |
| Entity Type | Government | Public | Government | Private | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dong Sub Kim | Chief Executive Officer; President | Senior Management | 2021 | 67 |
| Choi Moonkyu | Director - Planning and Financial Affairs, Management Support Headquaters, Promotion and Culture | Senior Management | - | - |
| Woo Jinha | Director - Management Support Headquaters, Financial Affairs Division, Head- Business Analysis Team, Budget and Investment Division | Senior Management | - | - |
| Im Gunmook | Director - Exploration and Production Headquaters, Global Business Division, E&P Planning and Management Division | Senior Management | - | - |
| Park Hyunkyu | Director - Stockpile Business Headquarters, Stockpile Division; President - Guri Office | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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