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Tag Archives | KazMunaiGas (KMG)

Cabinet approves Exit of Kogas from Akkas Gas Field

By on 21st March 2023 in Security

By John Lee. The Iraqi Cabinet has approved the recommendation of the Ministerial Energy Council regarding a settlement agreement with the South Korean company Kogas, the operator of the Akkas gas field. The agreement includes a payment of USD 49 million in crude oil, to be made by the State Oil Marketing Organization (SOMO). According […]

Kogas to Sell Stake in Akkas Field

By on 17th January 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 […]