Korean consortium
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South Korea To Drop Iraqi Oil Field
Tuesday, 23rd August 2016
South Korean state-owned company Korea National Oil Corp (KNOC) has decided to pull out of the Sangaw South oil field project in the Kurdish region of Iraq, due to uneconomic exploration results.
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 62.97 | -0.25% |
Crude Oil (Brent) Brent | USD/bbl | 66.63 | -0.21% |
NYMEX Natural Gas | USD/MMBtu | 2.71 | +1.27% |
OPEC Basket Price | USD/bbl | 64.48 | +1.72% |
Last Modified April 19, 2021