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KN
National Oil Company
Upstream
KNOC
Ulsan, South Korea · Established 1979 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Korea National Oil Corporation (KNOC) is South Korea's state oil company responsible for strategic petroleum stockpiling (96 million barrels), overseas E&P investments, and domestic exploration. KNOC operates oil fields in UK North Sea, Peru, and Iraq.
FY2024 financials reflect upstream portfolio management and storage operations. East Sea gas field is the primary domestic production asset. Strategic reserve management ensures 90+ days of import coverage.
Overseas assets acquired during 2008–2...
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