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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
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
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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.
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Department Contacts Updated
Updated : 2022年03月16日 |
Department : Petroleum Stockpile Management Dept. |
Contacts : +82)52-216-5004 |
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Department Contacts Updated
Updated : 2021年12月31日 |
Department : Petroleum Marketing Dept. |
Contacts : +82)52-216-5125 |
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