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Tag Archives | SK

Korea's SK joins Oil Auction after Kurd Oilfield Sale

By on 9th February 2012 in Iraq Oil & Gas News

Reuters reports that Iraq has allowed the privately-owned Korean firm SK Innovation to bid in its fourth energy auction, after the company sold its stake in the Bazian block in Kurdistan. The stake was sold to the state-owned Korea National Oil Corporation (KNOC), which was already barred from participating due to its stakes in both […]

$25bn Iraq Housing Deal with S. Korea

By on 9th November 2010 in Construction & Engineering In Iraq

Dr. Sami Al- Araji, NIC Chairman, signed a Memorandum of Understanding in Seoul with a Korean company to build 500,000 housing units throughout Iraqi. The deal could have a possible total value of $25 billion, based on the previous information from the commission stating that each housing unit was expected to cost $50,000. Reuters reports […]