China, North Korea Will Jointly Explore For Oil

June 5, 2006
China and North Korea have agreed to jointly explore for oil in the Yellow Sea that borders both countries, the Chinese foreign ministry said June 6. It was not immediately clear how much of that oil is in North Korean territory or in the two nations' ...

China and North Korea have agreed to jointly explore for oil in the Yellow Sea that borders both countries, the Chinese foreign ministry said June 6. It was not immediately clear how much of that oil is in North Korean territory or in the two nations' overlapping exclusive economic zones.

According to a report issued in December last year by the Washington-based Center for International Policy, North Korea has already laid claim to three northernmost Yellow Sea basins thought to hold oil. The North Koreans had discovered up to three billion tons of recoverable oil and gas reserves in the Yellow Sea off its coast, the center said.

China has said the Yellow Sea could hold important oil and gas reserves, however no major discoveries have been reported.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

The Guide to Balancing Citizen Development and Governance in Manufacturing Operations

Sept. 19, 2023
Platforms with no-code capabilities provide a competitive advantage for manufacturers responding to rapidly changing disruptions and demands. This guide helps manufacturers maintain...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!