News Chinese company agrees to import North Korean hydrocarbon gasA notice from Dandong inspection authority announces deal with the DPRK's Pongwha oil refinery A Chinese company has reached a deal to import Liquid Petroleum Gas (LPG) from North Korea’s Pongwha Chemical Refinery, according to an announcement from authorities in Dandong published in February. The notice, first spotted by Victor Cha at the Center for Strategic and International Studies (CSIS), details how a Dandong-based company signed an agreement to import the oil product from North Korea, and indicates they have even built facilities to do so. LPG is a hydrocarbon gas produced during the refining of crude oil. More commonly known as a butane or propane, it has © Korea Risk Group. All rights reserved. |