US continues North Korean fuel oil shipments

By OGJ editors

WASHINGTON, DC, Oct. 23 -- It's too soon to say whether new revelations by North Korea of a nuclear weapons program will spur US moves to suspend a fuel oil supply agreement, said US officials.

"There are many parties with equities in (the Korean Energy Development Organization), including South Korea, Japan, and the European Union," said Department of State spokesman Richard Boucher at a press briefing Monday. "We're consulting with friends and allies about next steps for KEDO, but we haven't made the decisions."

The US provides 500,000 tons of fuel oil each year to North Korea as part of a 1994 international agreement, under which North Korea was to stop building nuclear reactors that could be used for military purposes. Last week the US allowed a 43,500 metric ton shipment to be delivered, and officials said there may be future shipments while the US talks with its allies to find a diplomatic solution. President George W. Bush is scheduled to meet with leaders of China, Japan, Russia, and South Korea in coming weeks.

On Oct. 4, the North Korean government said the 8-year agreement was "nullified" after the US said it had evidence that a nuclear weapons program was continuing, despite the KEDO agreement.

Related Articles

Ultra Petroleum selects senior vice-president

04/01/2014 Ultra Petroleum Corp., Houston, has appointed Brad Johnson to succeed William Picquet, who will retire from the company at the end of the month, as...

Columbia Pipeline names chief executive officer

04/01/2014 Columbia Pipeline Group (CPG), a unit of NiSource Inc., has named Glen L. Kettering as its executive vice-president and group chief executive offic...

East Timor not entitled to Bayu-Undan gas pipeline tax, Australia warns

04/01/2014 The Australian government has written to East Timor to warn that the East Timorese are not entitled to tax the natural gas pipeline from the Bayu-U...

New Gulf Resources appoints chief executive officer

04/01/2014 New Gulf Resources LLC, Tulsa, has appointed Ralph A. Hill as chief executive officer and chairman of its board. He previously served as chief exec...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected