Korea National Oil to assist Iraqi drilling

South Korea's state-run Korea National Oil Corp. (KNOC) signed a memorandum of understanding with the Iraqi government to provide technological support for oil development.

Aug. 3, 2005

Eric Watkins
Senior Correspondent

LOS ANGELES, Aug 2 -- South Korea's state-run Korea National Oil Corp. (KNOC) signed a memorandum of understanding with the Iraqi government to provide technological support for oil development.

KNOC will provide the Iraqi oil ministry drilling technology and work with the government to study Iraqi oil blocks.