The National Korean Gas Corporation (KOGAS) has allocated USD 3 billion to insure its projects in Iraq. The South Korean News Agency (YONHAP) quoted South Korean MP Wu Yung-kun from the opposition united democratic party and member of the Parliamentary Economic Knowledge Committee, who revealed that the investments of the South Korean Gas Corporation allocated USD 30,694 billion (10% of its total 5-year budget for the period 2013-2017 as projects' insurance allocations. He pointed out that corporate expenditure on insurance of projects outside Iraq attained USD 694 million meanwhile corporate allocations for insurance of projects inside Iraq reach an approximate amount of USD 3 billion for the next five years because of exceptional security conditions. The government-owned South Korean corporation is currently implementing oil and gas projects in four locations in Iraq.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor