郊稽亜奄


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Petroleum stockpiling
Financial and operational summary
(Unit: $ million)
2020 2021 Percent Change

Lease to Korean refineries

5.2 4.0 -23.1
Trading 143.9 62.0 -56.9

Int'l joint stockpiling

61.4 50.9 -17.1
Other 10.2 5.1 -50

Revenues

220.7 122.0 -44.7

COGS

0 0 -

Gross profit

220.7 122.0 -44.7

Profit before tax

216.0 116.7 -46.0

Storage capacity (mmboe)

146.0 146.0 -

*Reserves (mmboe)

96.9 97.8 0.6

* excluding joint stockpiling reserves

Key facts and highlights
KNOC has 9 stockpiling bases in Korea which store crude oil, petroleum products and LPG.
Petroleum stockpiling is critical to ensuring stable oil supplies during unforeseen contingencies.
KNOC began supervising strategic stockpiling in 1979 and stored 97.5 million barrels, equivalent to 67% of its storage capacity as of 2021.
KNOC is in its fourth phase of the Petroleum Stockpiling Plan and expanded capacity to 146 million barrels on Apr. 2011
All stockpiling facilities are protected by insurance.
Department Contacts Updated
Updated : 2022年03月16日 Department : Petroleum Stockpile Management Dept. Contacts : +82)52-216-5004
Department Contacts Updated
Updated : 2021年12月31日 Department : Petroleum Marketing Dept. Contacts : +82)52-216-5125

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