Sŭngri Petrochemical Complex

The Sŭngri Petrochemical Complex (승리화학련합기업소) is a Russian-design oil refinery, with a capacity of 2 million tons, located in Sŏnbong, Rasŏn Special Economic Zone, North Korea.[1] It was served by the Sŭngri Line of the Korean State Railway.[2] The refinery was constructed with aid from the Soviet Union under the North-Soviet Union Agreement for Cooperation on Economy, Science and Technology.[3]

Construction of the refinery began in August 1968 and completed in 1973. A second phase was completed in 1979. The refinery has ceased operations since 1994.[3]

Investment

In 2013, Mongolian firm HBOil bought a 20% share in the refinery with intention to supply crude oil to Sŭngri and export refined products to Mongolia. In 2016, South Korean newspaper Korea Joongang Daily reported HBOil had withdrawn from the deal, following pressure from the international community due to North Korea's ongoing nuclear weapon and missile testing.[4] HBOil publicly denied the claims.[5]

References

  1. ^ Kohn, Michael; Humber, Yuriy (18 June 2013). "Mongolia Taps North Korea Oil Potential to Ease Russian Grip". Bloomberg.
  2. ^ Kokubu, Hayato, 将軍様の鉄道 (Shōgun-sama no Tetsudō), p. 93 ISBN 978-4-10-303731-6
  3. ^ a b Kim, Kyung Sool (2019). "North Korea's Petroleum Industry - Facilities, Demand/Supply, Distribution and UN Sanctions". SSRN Electronic Journal. doi:10.2139/ssrn.3569472. ISSN 1556-5068.
  4. ^ "Mongolia pulls out of oil deal with the North". Korea JoongAng Daily. Retrieved 2020-04-15.
  5. ^ Macdonald, Hamish (2016-03-25). "Mongolian oil company refutes reports of withdrawal from North Korea". NK News. Archived from the original on 2016-04-06.

42°18′43″N 130°20′55″E / 42.31194°N 130.34861°E / 42.31194; 130.34861

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