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Chinese Government donates 10,000 tons of diesel fuel in 2005
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of North Korea |
| Country | Democratic People's Republic of Korea |
| Start Date | Oct 10, 2005 |
| End Date | Oct 20, 2026 |
| Duration | 7,680 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63334 |
Grant Description
In October 2005, on the 60th anniversary of the Korean Worker's Party, the Chinese Government donated 10,000 tons of diesel fuel to North Korea.
The diesel was delivered on October 10, 2005 and October 11, 2005 by the Nanjing Tanker Corporation (中国长航南京长江油运公司) on short notice from Sinochem Corporation to North Korea. Two 5,000-ton oil tankers (Daqing 434 and 438) were deployed to carry out this task.
After inspection, the cargo quality of Daqing 434 and Daqing 438 was highly praised by the North Korean government. 10,000 tons of oil is equivalent to 73,000 barrels of oil.
Therefore, to estimate the monetary value of this donation ($4,134,720), AidData takes the average price ($56.64) of a barrel of West Texas Intermediate (NYMEX) Crude Oil in 2005 and multiplies it by 73,000 barrels of oil.
Staff Comments
The precise grant commitment date is unknown.
Sources & References
- 朝鲜驻华大使致信感谢中国长航为其提供优质高效运输服务
- The Curious Case of China’s Aid to North Korea
- WTI Crude Oil Prices - 10 Year Daily Chart
- 商务部对外援助项目招标委员会通告【2005】第12号 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of North Korea
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