Kogas to Sell Stake in Akkas Field By Editor on January 17, 2016 in Iraq Oil & Gas News By John Lee. According to a report from Platts, South Korea’s state-owned Korea Gas Corporation (KOGAS) plans to sell a 47 percent stake in its 100 percent-controlled Akkas gas field. The company is under pressure from the Korean government to reduce its debts. The project was originally awarded to a consortium of Kogas and KazMunaiGas (KMG), but KMG pulled out in 2011, leaving Kogas as sole investor and operator on new contract terms. (Source: Platts) Related posts: No related posts.