<Anchor>



Korea National Oil Corporation has decided to sell the Vietnamese gas field first developed with domestic technology to a Russian state-owned company.

However, it is a condition that requires an additional 600 billion won.

In addition, the Kazakhstan mine project was in danger of losing a whopping 220 billion won.



This is reporter Ha Jeong-yeon.



<Reporter> This



is Block 11-2, a gas field in Vietnam developed by Korea National Oil Corporation for the first time with domestic technology.



Exploration began in 1992, and production began in 2006.



The Korea National Oil Corporation and a consortium of Korean companies own a 75% stake.



However, 9 years after the start of production, production plummeted and it became an aemul complex.



Since 2017, the Vietnamese government has not been able to meet the amount it was supposed to supply, so until last year, it paid a penalty of 80 billion won.



Accordingly, KNOC decided to sell all of its stake in Korea to a Russian state-owned company in order to minimize losses, on condition that it will be paid 60 billion won.



Not only this.




Caspian and Altius mines in Kazakhstan acquired by the Korea National Oil Corporation in 2009.



Kazakhstan Company A formed a joint venture and jointly acquired it, and KNOC lent 120 billion won to Company A during the acquisition process.



However, Company A fell into capital erosion early, and Company A has consistently failed to respond to the KNOC's request for reimbursement.



[Korea National Oil Corporation official: (Why did you proceed with the work even by giving a loan?) In many ways, such as negotiating with the government and approval by involving influential people with partners...

I've been asked for reimbursement four times, but there's no answer...

.] The



money I didn't receive during that time, including interest, grew to nearly 220 billion won.



To get the money back, the KNOC even organized a task force, but it had already been accounted for as a loss.



[Lee Jang-seop / Member of the Democratic Party: This is another case that proves that the Korea National Oil Corporation has operated so lazily and without principles.]



Amid the massive failures in overseas resource development, the Korea National Oil Corporation continues to run in the red every year. We are currently in complete capital erosion.



(Video coverage: Park Dae-young, Kim Seung-tae, video editing: Ha Seong-won)