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major achievements
operating statistics
Operation summary
Overseas E&P
Domestic E&P
Petroleum stockpiling
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home > Investor Relations> operating statistics > Petroleum stockpiling
Petroleum stockpiling
 
Financial and operational summary
(Unit: $ million)
  2016 2017 Percent Change

Lease to Korean refineries

3.3 5.9 79.5%
Trading 396.2 153.8 -61.2%

Int'l joint stockpiling

83.0 67.4 -18.8%
Other 14.6 12.5 -14.4%

Revenues

497.1 239.6 -51.8%

COGS

379.5 131.5 -65.4%

Gross profit

117.6 108.1 -8.0%

Profit before tax

114.9 104.9 -8.7%

Storage capacity (mmboe)

146.0 146.0 -

*Reserves (mmboe)

94.3 95.6 1.4%

* 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 96 million barrels, equivalent to 66% of its storage capacity as of 2017.
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 : 2018-02-05 Department : Petroleum Stockpile Dept. Contacts : +82)52-216-5017
Department Contacts Updated
Updated : 2018-02-05 Department : Petroleum Marketing Dept. Contacts : +82)52-216-5122

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