People & Institutions
Korea National Oil Corporation (KNOC)
المؤسسة الوطنية الكورية للنفط (كنوك)
This page sets out what the documents in this archive record about this company: the legal status on the date shown, the cases, the official registers and the sources.
Legal status as of 20 October 2026
Not charged as of the date of writing
Named, for example as an office holder, bank owner or licence holder, with no charge, conviction, sanction or official finding.
What the documents say
Not charged as of the date of writing. According to the KRG, KNOC paid USD 235.5 million to the KRG in 2008 under its production sharing contracts and in 2015 obtained a ruling from the Seoul Western District Court ordering the Korea Times to delete articles alleging misuse of the money. No accusation against KNOC itself is known.
- Kind
- Company
- Roles
- South Korean state oil company; party to production sharing contracts with the KRG including the Bazian block; paid USD 235.5 million in 2008
Cases
These are the cases in this archive that name this entry, with the status in each case on the date shown.
| Case | Role | Status in this case | Detail | As of |
|---|---|---|---|---|
| KNOC payments to the KRG for the Bazian block: a Korean MP's claim that USD 31.4 million went missing and a Seoul court ruling against the newspaper that published it (2015) | South Korean state oil company; party to production sharing contracts with the KRG including the Bazian block; paid USD 235.5 million in 2008 | Not charged as of the date of writing | Not charged as of the date of writing. According to the KRG, KNOC paid USD 235.5 million to the KRG in 2008 under its production sharing contracts and in 2015 obtained a ruling from the Seoul Western District Court ordering the Korea Times to delete articles alleging misuse of the money. No accusation against KNOC itself is known. | 19 October 2026 |
Documents
These are the documents behind this entry. Each quote is given in the language of the document.
- Iraq Business News18 June 2015Government statementTier B
Korean Court Rejects Claim of KRG Bribery
Original addressThere is no reason for this Court to make a conclusion that the money paid to the KRG by the Creditor is either bribery or was distributed to the close associates of [former President] Lee Myung-Bak.
- Kurdistan Regional Government, Ministry of Natural Resources12 March 2015Government statementTier A
KRG Statement on Article in the Korea Times
Document (saved page)Original addressSHA-256 a6e3f6734ae9In fact in 2008, KNOC paid a total of $235,500,000 (which included the $31.4 million amount referred to by the Korean MP) to the KRG as part of its contractual obligations under the PSCs.