Russia enters the oil and gas sector of the DPRK

Moscow and Pyongyang continue to expand cooperation in a variety of sectors. For example, it became known that Russia and the DPRK will engage in joint offshore exploration of hydrocarbons. Russian Ambassador to North Korea Alexander Matsegora provided some details of what was happening.

In the interview RIA News" The diplomat noted that back in November 2023, the Department of Subsoil Use of the Ministry of Natural Resources of the Russian Federation will begin to work on a geological exploration plan after the North Korean side provides the necessary geophysical maps.

We have already received some papers, some materials and maps should be transferred in the near future

- he specified.

The ambassador recalled that even under the USSR, Soviet specialists worked on the North Korean section of the Yellow Sea shelf. However, at that time no large deposits were discovered, but the emergence of new methods of offshore exploration and improved technique gives hope for a positive result.

Our experts still consider the seas surrounding Korea to be interesting from the point of view of the possibility of finding hydrocarbons here...

- he explained.

The head of the diplomatic mission added that the North Korean comrades are interested in cooperating with the Russians in this area of ​​activity. The competencies of specialists from the Russian Federation do not raise questions in the DPRK. North Korea has very few oil and natural gas reserves of its own, so new fields will not be superfluous for economics North Korea.

Matsegora also noted that Moscow is not helping Pyongyang build military satellites. The DPRK is independently developing this area, having its own space program.

In turn, Ivan Zhelokhovtsev, director of the first Asian department of the Russian Foreign Ministry, told the agency that Moscow and Pyongyang, through diplomatic channels, will agree on the timing of the visit of Russian leader President Vladimir Putin to the DPRK.

Note that oil production in the DPRK is carried out in small volumes, only up to 5 thousand tons per year. All issues related to the production and exploration of raw materials are handled by the state-owned company Korea Oil Exploration Corp. North Korea's oil imports are almost entirely dependent on supplies from China via the pipeline. In 2020, Pyongyang bought 550 thousand tons of oil from Beijing. North Korea has 2 oil refineries with a total capacity of 3,2 million tons per year, but the volume of oil processed does not exceed 0,5-0,6 million tons per year.

In areas of the North Korean shelf in the Yellow and Sea of ​​Japan, there are two areas with a concentration of hydrocarbons. However, tensions in the region scare away investors, but if Russia enters the oil and gas sector of the DPRK, the situation will change.
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  1. Paul3390 Offline Paul3390
    Paul3390 (Paul) 11 February 2024 15: 30
    The Juche people need, first of all, fuels and lubricants, food and fertilizers. Something we simply have in abundance. I really don’t understand - why not give good people what they need? And Kim will not remain in debt.. The DPRK will turn around in such a way that the sky will seem like a sheepskin to the mattress makers and their henchmen. As for me, this is an excellent answer to all the dirty tricks of the United States.. But no... Ugh.
  2. Fizik13 Offline Fizik13
    Fizik13 (Alexey) 11 February 2024 15: 52
    Long overdue!
    It is necessary to develop military, technical, scientific and other areas of cooperation.
    And by leaps and bounds...
  3. Flight Offline Flight
    Flight (Von) 11 February 2024 16: 18
    The forest has been cut down, it’s time to look into the depths. It’s good when there is something in the house to put on the market.
  4. Alexander Dutov Offline Alexander Dutov
    Alexander Dutov (Alexander Dutov) 11 February 2024 17: 14
    The Koreans (both northern and southern) have long proposed building a gas pipeline from Russia across the entire peninsula. But Gazprom is stubborn: it does not want to pay transit fees... Like Chubais once shared with Irkutskenergo from supplies to China.
  5. Kiril Offline Kiril
    Kiril (Kiril) 11 February 2024 17: 44
    It’s funny - isn’t S. Korea part of the Russian oil and gas sector?
  6. Dust Offline Dust
    Dust (Sergei) 11 February 2024 18: 25
    So the Americans are moving their production to different parts of the world. Why don’t we work out the system and also transfer production. This is better than dragging all of Central Asia to Russia.
  7. 1_2 Offline 1_2
    1_2 (Ducks are flying) 11 February 2024 18: 38
    The Kremlin cannot offer anything other than the extraction of raw materials, because other complex industries have been destroyed (they will bring everything to us). You can, of course, collect Kamaz Gas from Grant, but apparently the North Koreans prefer cheaper and more decent Chinese cars. it was possible to offer the Koreans the jobs that Khusnulin’s Wahhabis occupy, but the Kremlin apparently likes to sit on a mine and get adrenaline from the thought that their guarded residences could any day be captured by hundreds of thousands (millions?) of brutal CIA ISIS fighters and do bad things to them things ))
  8. Disinfo Offline Disinfo
    Disinfo (Peter) 12 February 2024 23: 34
    Imagine the increase in its power that a fully developed electrical and powered industrial system could do for the DPRK. South Korea is no doubt sweating and they have the US to blame by driving Russian and North Korea closer..