Thursday 31 July 2014

Adnoc, Korea firm to develop oil blocks

The Abu Dhabi National Oil Company (Adnoc) and the Korea National Oil Corporation (KNOC) have signed a contract to develop three undeveloped oil blocks in Abu Dhabi. This contract further strengthens the important relationship between both


KNOC launches $2.6bn hostile bid for Dana

State-run Korea National Oil Corp (KNOC) made a hostile $2.6 billion cash bid for UK's Dana Petroleum, reflecting South Korea's growing urgency to boost oil reserves.    Seoul gave KNOC a $6.5 billion warchest this year to

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