UI Energy Corporation(유아이에너지) is a Korean company founded in 1987 (formerly known as Gong Young Multi System(공영종합시스템)). Its areas of interest include the development of resources and minerals, power plants and the supply of medical equipment. It is quoted on the
KOSDAQ
KOSDAQ (acronym of Korean Securities Dealers Automated Quotations, Korean: 코스닥) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent st ...
(Korea Securities Dealers Automated Quotations).
[
Its Executive Vice-Chairman is Choi Kyu-sun.][
It is part of international consortium for development of prospects in ]Iraqi Kurdistan
Iraqi Kurdistan or Southern Kurdistan ( ku, باشووری کوردستان, Başûrê Kurdistanê) refers to the Kurdish-populated part of northern Iraq. It is considered one of the four parts of "Kurdistan" in Western Asia, which also inc ...
. It claims that its network of advisors gives it a strong competitive edge over other companies.Frank Carlucci
Frank Charles Carlucci III ( ; October 18, 1930 – June 3, 2018) was an American politician and diplomat who served as the United States Secretary of Defense from 1987 to 1989 in the administration of President Ronald Reagan. He was the fi ...
* the former ambassador to Egypt Mr. Nicholas A. Veliotes
Nicholas Alexander Veliotes (born October 28, 1928) is a former United States Foreign Service Officer and diplomat. He served as United States Ambassador to Jordan (1978–81) and Egypt (1984–86). He is a member of the American Academy of Dip ...
* US commander for the Middle East General John Abizaid
John Philip Abizaid (born April 1, 1951) is a retired United States Army general and former United States Central Command (CENTCOM) commander who served as the United States Ambassador to Saudi Arabia from 2019 to 2021.
Abizaid retired after 34 ...
(General John Abizaid served on the board of advisors from August – October 2007, resigning in November 2007 due to a conflict of interest. All fees were returned.)
These are claimed on the company's website to exercise "their network and political influence to promote UI energy on the development of oil fields in Iraq where United States of America governs".
It also notes that attorney Jeffrey D. Jones, the former President of the American Chamber of Commerce in Korea, and Dr. Robert A. Scalapino, who served as the Dean of University of California, Berkeley, are on their company board of advisors.United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...
Tony Blair
Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British former politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007. He previously served as Leader of th ...
has been subject to media comment in the UK.
Kurdistan Contract
UI Energy Corporation was part of a consortium (KNOC Bazian Limited) that was awarded the Bazian Block (473 square kilometres) in Sulaimani Governorate. The consurmtium also includes the Korea National Oil Corporation, and Korean private sector oil exploration and development companies SK Energy Co Ltd, Daesung Industrial Co, Ltd, Samchully Co Ltd, Bum-Ah Resource Development Corp, GS Holdings Corp, and Majuko Corporation. The Bazian Block has been described as a relatively low exploration risk area.
References
External links
UI Energy Corporation website
Oil companies of South Korea
Companies listed on KOSDAQ
South Korean companies established in 1987
Energy companies established in 1987
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