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 (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. It claims that its network of advisors gives it a strong competitive edge over other companies.]Stephen J. Solarz
Stephen Joshua Solarz (; September 12, 1940 – November 29, 2010) was an American politician who served as a United States representative from New York until his political career ended in the wake of the House banking scandal in 1992.
Solarz ...
* former Secretary of Defense USA Mr. Frank Carlucci
* the former ambassador to Egypt Mr. Nicholas A. Veliotes
* 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.
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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