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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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1 posted on 09/02/2017 5:08:03 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; AmericanInTokyo; Steel Wolf; nuconvert; MizSterious; endthematrix; ...

P!


2 posted on 09/02/2017 5:08:33 AM PDT by TigerLikesRooster (dead parakeet + lost fishing gear = freep all day)
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To: TigerLikesRooster

stockpile one million tons of petroleum


That’ll blow up real good!


3 posted on 09/02/2017 5:08:55 AM PDT by OwenKellogg (Merry Christmas!)
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To: OwenKellogg

That’ll blow up real good!

4 posted on 09/02/2017 5:16:22 AM PDT by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
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To: TigerLikesRooster

How will they store it?


5 posted on 09/02/2017 5:30:03 AM PDT by Raycpa
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To: Raycpa

141000 barrels rusting in the rain.


6 posted on 09/02/2017 5:33:36 AM PDT by moose07 (DMCS (Dit Me Cong San ) Forward to the glorious world of next Tuesday !)
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To: TigerLikesRooster

I thot petroleum was measured in barrels?


7 posted on 09/02/2017 5:36:29 AM PDT by Delta 21 (AntiFa and BLM should be on the United States list of Terrorist Organizations)
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To: TigerLikesRooster

The North Korea at night map will be much brighter, soon.


8 posted on 09/02/2017 5:39:05 AM PDT by Rebelbase
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To: Delta 21

The conversion for crude is .134 tons per barrel.

So 1 million tons is ~11 million barrels


9 posted on 09/02/2017 5:42:09 AM PDT by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: moose07

Thats a lot of fluid ounces!


10 posted on 09/02/2017 5:43:11 AM PDT by Delta 21 (AntiFa and BLM should be on the United States list of Terrorist Organizations)
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To: bert

That wont even run the U.S. until 11:30am on Monday! But the story says it will last them 6 months or more.


11 posted on 09/02/2017 5:45:43 AM PDT by Delta 21 (AntiFa and BLM should be on the United States list of Terrorist Organizations)
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To: bert

So now translate barrels into night soil buckets. I would imagine they are a little short on bulk tanks.

How many night soil buckets are the people going to fill with oil.


12 posted on 09/02/2017 5:45:52 AM PDT by oldasrocks (rump)
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To: bert

Laughable.

US crude consumption, DAILY, is about 18-20 million barrels.


13 posted on 09/02/2017 5:46:29 AM PDT by Blueflag (Res ipsa loquitur: non vehere est inermus)
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To: TigerLikesRooster

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


14 posted on 09/02/2017 5:46:32 AM PDT by Gay State Conservative (ObamaCare Works For Those Who Don't.)
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To: Delta 21

“You’re going to need a bigger Drinking Straw”. :)


15 posted on 09/02/2017 5:48:35 AM PDT by moose07 (DMCS (Dit Me Cong San ) Forward to the glorious world of next Tuesday !)
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To: Delta 21

16 posted on 09/02/2017 5:48:46 AM PDT by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: TigerLikesRooster

Q: Which country/countries are supplying the Norkies with oil? Anyone know?


17 posted on 09/02/2017 5:49:11 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: mewzilla

the article said 90% was from China


18 posted on 09/02/2017 5:50:14 AM PDT by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: bert

Yup, that’s what the article said. :-)

Just wondering if that’s accurate. Trust but verify.


19 posted on 09/02/2017 5:53:05 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: TigerLikesRooster

They can’t hide that much oil underground so our air strikes would quickly obliterate the oil.

See Japan pre WW2. Cutting off oil made them desperate.

Not saying this is fair or safe but the NORKS insist that there’s no negotiation.


20 posted on 09/02/2017 5:53:07 AM PDT by cicero2k
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