KOREA NATIONAL OIL CORP

Korea National Oil Corporation is the national oil and gas company of South Korea. Its primary role is to ensure the stable supply of petroleum and natural gas to the country.

KNOC is neither a factory nor purely a trading company. It is an exploration and production company involved in the upstream sector of the oil and gas industry. This means it engages in the exploration, development, and production of oil and natural gas both domestically and internationally. Additionally, KNOC is responsible for the management of South Korea's national strategic petroleum reserves. While it engages in some sales and purchases as part of its operations, its core business model is not that of a factory manufacturing goods or a pure trading firm solely buying and selling commodities.

KOREA NATIONAL OIL CORP (KNOC) produces and sells:

* Crude Oil

* Natural Gas

* Condensate

* LPG (Liquefied Petroleum Gas)