Posted on 09/02/2017 5:08:03 AM PDT by TigerLikesRooster
'N. Korea to Stockpile 1Mn Tons of Oil in Preparation of Sanctions'
2017-09-02 12:26:16 Update : 2017-09-02
A Japanese newspaper reports North Korea set a goal in April to stockpile one million tons of petroleum in preparation for global sanctions.
The Tokyo Shimbun noted that one million tons is around half to two thirds of North Korea's annual imports of crude oil and related products.
The article cited a North Korean figure as saying that leader Kim Jong-un made this decision during a meeting of the state affairs commission.
Following the decision, a large number of gas stations reportedly shut down in Pyongyang, sharply raising petroleum prices.
North Korea imports one-point-five to two million tons of crude oil and petroleum products each year, of which more than 90 percent is known to come from China.
The Japanese government is persuading the international community for the UN Security Council to impose more sanctions on the North, including an oil embargo following Pyongyang's launch of a missile on Tuesday which flew over Japan.
The newspaper said Pyongyang has fired nearly 20 ballistic missiles this year with speculations more launches or a sixth nuclear test could be on the way.
The report said the regime appears to be hastening efforts to stockpile oil in case restrictions on oil imports expand.
Nah, the ChiComs would never do that ;-)
HEY NORKS!
We can seeeeee you.
I understand what you are attempting to point out.
China has hard currency to pay the vendor and the Norks do not. Oil is fungible so the source in the ground could actually be Texas.
Or Iran.
“... At current usage rates a million tons should last them about 10 years ...”
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From the article:
The Tokyo Shimbun noted that one million tons is around
half to two thirds of North Korea’s annual imports of crude oil “
Sounds like a great target opportunity.
I thought their fearless leader was one liposuction treatment away from 1 million tons of oil.
More Chinese crude oil imports coming from non-OPEC countries
Literally keeping his entire country in the dark.
European measurments of bunkers are in tons.
312 gallons of N2 is 1 ton.
278 gallons of N6 is 1 ton.
If they’re stock piling crude they still need to refine it.
Depends on the crude.
Some gasoline cuts can be made without a high tech refinery.
Don’t know if they have any underground storage like We do in the Texas Coastal Salt Caverns but none the less it sounds to Me like a TARGET.
They probably run everything with kerosene. Easy substitute for diesel and jet fuel.
They need this much oil to get fat-boy into his Mao suits everyday.
In the majority of the world that runs on the metric system, tons is the correct unit for oil.
Kero will freeze at high altitude.
JP-4 And JP-8 are basically kerosene. Either one will run in anything that uses diesel.
burn baby burn...
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