DK Tech Corporation
DK Tech Corporation is an instruments manufacturer serving the petrochemical, offshore drilling, power generation, and shipbuilding industries. DK Tech Corp specializes in semiconductors, fittings, valves, and other analytical and process instruments. It is an official vendor to ExxonMobil, Shell, and Petronas (Company Website).
On December 17 2010, the Wall Street Journal reported that DK Tech Corp signed a deal to help develop Iran's South Pars gas field: "Korea's DK Tech Corp. (105740.KQ) has signed a small deal for projects in a giant Iranian natural gas field, the oil and gas equipment maker said in a corporate filing Thursday, as Asian suppliers replace U.S. and European companies amid mounting sanctions. In a disclosure to the Korean stock exchange, DK Tech said it had signed a contract worth EUR598,000 to supply phases 17 and 18 of the South Pars field until July 15, 2011. The operators of the world's largest non-associated gas field, which Iran shares with Qatar, have struggled to source technologies after Western companies stopped supplies to comply with sanctions over the country's nuclear program. DK didn't disclose what equipment it would sell to Iran but it normally sells valves and tube fittings for the oil and gas sector, among other industries" (Wall Street Journal, South Korea's DK Tech Signs Deal for Iran Gas Field, 12/17/10).