Analysis As North Korean oil tankers queue, OFAC designates their supplierOne of North Korea's primary fuel terminals in the Russian Far East owned by now-sanctioned company Six North Korean oil tankers were lined up outside a port in Vladivostok on Thursday as the U.S. Treasury’s Office of Foreign Assets Control (OFAC) designated the company with which they hoped to do business. The Vladivostok terminal is a common destination for the DPRK’s tanker fleet, even seeing increased traffic since reports of gasoline price spikes in Pyongyang. A previous NK News report in 2015 identified the terminal as being owned by Alliance Oil, a subsidiary of the now sanctioned NNK Primornefteprodukt, itself owned by Independent Petroleum Company (IPC), which also made © Korea Risk Group. All rights reserved. |