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'N. Korea to Stockpile 1Mn Tons of Oil in Preparation of Sanctions'
KBS ^ | 2017-09-02

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.


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: nknukes; nkorea; oil; sanction; trumpasia
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To: TigerLikesRooster
Stockpiled oil burns really well when properly ignited.


21 posted on 09/02/2017 5:55:34 AM PDT by COBOL2Java (RuPaul and Yertle - our illustrious Republican leaders up the Hill - God help us!)
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To: bert
It's not like China would ever cover for Iran in supplying oil to the Norkies.

Nah, the ChiComs would never do that ;-)

22 posted on 09/02/2017 5:56:01 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: cicero2k; bert
They can’t hide that much oil underground so our air strikes would quickly obliterate the oil.

HEY NORKS!

We can seeeeee you.

23 posted on 09/02/2017 5:58:28 AM PDT by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves Month")
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To: mewzilla

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.


24 posted on 09/02/2017 6:00:32 AM PDT by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: bert

Or Iran.


25 posted on 09/02/2017 6:01:14 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: Gay State Conservative

“... At current usage rates a million tons should last them about 10 years ...”
-
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 “


26 posted on 09/02/2017 6:01:52 AM PDT by Repeal The 17th (I was conceived in liberty, how about you?)
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To: TigerLikesRooster

Sounds like a great target opportunity.


27 posted on 09/02/2017 6:04:42 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: TigerLikesRooster

I thought their fearless leader was one liposuction treatment away from 1 million tons of oil.


28 posted on 09/02/2017 6:06:53 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: bert
Very fungible. Interesting info at the link...

More Chinese crude oil imports coming from non-OPEC countries

29 posted on 09/02/2017 6:09:32 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: bert

Literally keeping his entire country in the dark.


30 posted on 09/02/2017 6:29:34 AM PDT by Delta 21 (AntiFa and BLM should be on the United States list of Terrorist Organizations)
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To: Delta 21

European measurments of bunkers are in tons.
312 gallons of N2 is 1 ton.
278 gallons of N6 is 1 ton.


31 posted on 09/02/2017 6:30:43 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Eric in the Ozarks

If they’re stock piling crude they still need to refine it.


32 posted on 09/02/2017 6:52:24 AM PDT by Dusty Road (")
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To: Dusty Road

Depends on the crude.
Some gasoline cuts can be made without a high tech refinery.


33 posted on 09/02/2017 7:41:19 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: cicero2k; Chode; All

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.


34 posted on 09/02/2017 7:44:37 AM PDT by mabarker1 (Progress- the opposite of congress)
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To: Eric in the Ozarks

They probably run everything with kerosene. Easy substitute for diesel and jet fuel.


35 posted on 09/02/2017 8:16:38 AM PDT by PJammers (Quis custodiet ipsos custodes?)
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To: TigerLikesRooster

They need this much oil to get fat-boy into his Mao suits everyday.


36 posted on 09/02/2017 8:25:37 AM PDT by Ez2BRepub
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To: Delta 21
I thot petroleum was measured in barrels?

In the majority of the world that runs on the metric system, tons is the correct unit for oil.

37 posted on 09/02/2017 8:29:33 AM PDT by CurlyDave
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To: PJammers

Kero will freeze at high altitude.


38 posted on 09/02/2017 8:44:57 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Eric in the Ozarks

JP-4 And JP-8 are basically kerosene. Either one will run in anything that uses diesel.


39 posted on 09/02/2017 9:01:32 AM PDT by PJammers (Quis custodiet ipsos custodes?)
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To: mabarker1
burn baby burn...
40 posted on 09/02/2017 9:08:42 AM PDT by Chode (You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
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