Kuwait Petroleum Corporation announced in a statement that it has 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.
The company stated that, this agreement strengthens energy security, ensures stability and prosperity for our people all over our continent.
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.
