South Korean auditor slams KNOC, Kogas

摘要

Seoul—South Korea’s state auditor, theBoard of Audit and Inspection, has slammedstate-run Korea National Oil Corporationand Korea Gas Corporation for not playing alarge enough role in protecting consumersfrom high oil prices by failing to bring in anyequity oil and gas from their overseas assetsdespite investing heavily in them.In a report released on April 14, the BAIsaid that no oil and gas from the companies’overseas assets was imported into SouthKorea despite them having spent a total Won16.4 trillion ($14.4 billion) on asset purchas-