With the possibility of facing a domestic financial difficulty caused by depreciating exchange rates, without compromising the strategic petroleum storage objective, KNOC has been engaging in petroleum trading. Applying the fluctuating nature of oil prices, KNOC was able to gain profit by appropriate timing its transactions.

As shown above, by actively participating in the international oil industry, KNOC is strengthening its ability in petroleum trading, enhancing its marketing ability in the international market, and strengthening Korea's emergency response ability against oil crises.

[ Basic Trading concepts ]