Sŭngri Petrochemical Complex Explained

The Sŭngri Refinery (승리정유공장) is a Russian-design oil refinery with a capacity of 2 million tons located in Sŏnbong, Rasŏn Special Economic Zone, North Korea.^[1] It is served by the Sŭngri Line of the Korean State Railway.^[2]

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 In 2016, South Korean newspaper Korea Joongang Daily reported HBOil had withdrawn from the deal following pressure from the international community due to North Korea's ongoing nuclear weapon and missile testing.^[3] HBOil publicly denied the claims.^[4]

References

42.3119°N 130.3486°W

Notes and References

1. Web site: Mongolia Taps North Korea Oil Potential to Ease Russian Grip. Kohn. Michael. Humber. Yuriy. 18 June 2013. Bloomberg.
2. Kokubu, Hayato, 将軍様の鉄道 (Shōgun-sama no Tetsudō), p. 93
3. Web site: Mongolia pulls out of oil deal with the North. Korea JoongAng Daily. 2020-04-15.
4. Web site: Mongolian oil company refutes reports of withdrawal from North Korea NK News. Macdonald. Hamish. 2016-03-25. NK News. en-US. live. https://web.archive.org/web/20160406222141/https://www.nknews.org/2016/03/mongolian-oil-company-refutes-reports-of-withdrawal-from-north-korea/. 2016-04-06.