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

EPA leads investigation of crude discharge at BP Whiting refinery

03/26/2014 The US Environmental Protection Agency took formal charge of investigation and cleanup efforts after an undetermined amount of crude oil spilled in...

EIA: China exceeds US as the largest net petroleum importer

03/26/2014 In September 2013, China’s net imports of petroleum and other liquids exceeded those of the US on a monthly basis, making it the world’s largest ne...

EIA: Tight oil production pushes US supply to more than 10% of world’s total

03/26/2014 US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the wo...

MARKET WATCH: NYMEX oil futures drop with HSC partially reopened

03/26/2014 Crude oil prices fluctuated but ended the New York trading session down modestly Mar. 25 after the US Coast Guard reopened the Houston Ship Channel...

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