 |
|
(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 |
|
|
|
 |
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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