Analysis North Korea’s official oil imports tick up but remain far below its needsSanctions and the pandemic have battered imports of refined petroleum, but smuggling may cover part of the gap Newly released fuel export data shows China exported 11,745 barrels of refined petroleum products to North Korea in August, the largest monthly total since July of last year, as well as 2,826 barrels in July. But the data from the 1718 Sanctions Committee, the U.N. entity responsible for tracking the DPRK’s refined petroleum imports, also indicates that Pyongyang has officially imported just 7.7% of its total fuel allowance for the year, or 38,334 barrels. With Russia reporting zero refined petroleum exports to North Korea this year, the data suggests that official imports fall far short of meeting the © Korea Risk Group. All rights reserved. |