Korea National Oil Corporation Celebrates 46th Anniversary with Commemoration Ceremony and Blood Donation Event

Kim Dong-seop: "All KNOC Employees Are the Protagonists Creating a New History of Energy Independence"
Achieved Net Income for Three Consecutive Years Despite Difficult Circumstances
Practicing 'Love Blood Donation' and 'Coexistence with Small Business Owners'

"Writing history is a process of moving toward the future. You are the proud protagonists who are creating a new history of energy independence for the Republic of Korea."

President Kim Dong-seop of Korea National Oil Corporation is delivering the 46th anniversary commemorative speech at the Ulsan headquarters on the 4th. Photo by Korea National Oil Corporation

Kim Dong-seop, President of Korea National Oil Corporation (KNOC), said this on the 4th at the company's 46th anniversary ceremony held at the Ulsan headquarters.

Since its establishment in 1979 to secure stable oil resources following two oil shocks in the 1970s, KNOC has faced various challenges over 46 years while promoting domestic and overseas oil development projects, but it has grown into an essential public enterprise for Korea's energy security.

In particular, despite worsening external business conditions last year, such as the decline in international oil prices and sustained high interest rates, KNOC achieved net income for the third consecutive year through efficient operation of core assets, company-wide cost reduction, and optimized fund management.

In his commemorative speech, President Kim Dong-seop stated, "The effective operation of oil reserves and the utilization of stored oil, which are the front lines of resource security, are thanks to your efforts," and emphasized, "Let us continue developing the domestic continental shelf to realize the dream of becoming an oil-producing country and to achieve effective carbon reduction."

KNOC also held a 'Clean Ethics Declaration Ceremony' to reaffirm its commitment to sustainable and ethical management. Additionally, from the 4th to the 6th of this month, the company designated this period as 'Regional Coexistence Week,' conducting a 'Love Blood Donation Event' with voluntary participation from employees. From the 5th to the 6th, KNOC will also hold the 'Small Business Owners and Korea National Oil Corporation Win-Win Cooperation Event,' actively practicing a culture of coexistence with the local community.

Employees of Korea National Oil Corporation are making a declaration of integrity and ethics at the 46th anniversary ceremony held at the Ulsan headquarters on the 4th. (Fifth from the left in the first row, President Kim Dong-seop). Photo by Korea National Oil Corporation

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