April 26, 2024
News

Pyongyang traffic indicates China oil supplies to N. Korea still flowing – MOU

Despite trade data abscence, new taxi companies could mean Chinese crude delivers continue

Increased traffic on the streets of Pyongyang could be an indicator that China has not ceased crude oil delivery shipments to North Korea, a Ministry of Unification (MOU) official said yesterday.

Beijing made headlines at the start of 2014, when crude oil shipments apparently disappeared from their trade data. With no domestic oil and gas industry, North Korea has historically been reliant on its neighbor for 500,000 tonnes of crude oil per year.

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