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Chinese CNPC stops exports of diesel fuel and gasoline in North Korea

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Chinese CNPC stops exports of diesel fuel and gasoline in North Korea

China National Petroleum Corp, a Chinese oil company, has ceased stopped of diesel fuel and gasoline in North Korea because of concerns about payment for the supplies, Reuters reports with reference to its sources.


According to one of them, the corresponding decision was made within “the last month or two” and is “commercial”: it is no longer worth the risk. He said that Chinese and international banks are more careful in checking the actions of the companies operating with the states from a sanction list of the USA.

Recently, North Korea was unable to pay for diesel fuel and gasoline supplied by CNPC, while the company generally requires advance payment for its supplies.

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