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Kuwait Petroleum Corporation announces that it held official ceremony in Seoul to mark the first cargo shipment from Kuwait under the new storage agreement with Korea National Oil Corporation (KNOC). Earlier, during October 2024, Kuwait Petroleum Corporation signed a two-year storage agreement with Korea National Oil Corporation (KNOC). The agreement is related to the storage of up to 4 million barrels of crude oil within KNOC’s storage facility located in Ulsan. Kuwait Petroleum Corporation is the State of Kuwait’s state-owned entity responsible for Kuwait’s hydrocarbon interests throughout the world. The company contribute to meeting the world’s essential oil and gas requirements by exploring for, producing, refining, transporting, and marketing these valuable natural resources both domestically and abroad. |
