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[China's best pupil: Part6] North Korea's Crude Oil Reserves

Discussion in 'China & Far East' started by Galactic Penguin SST, Sep 9, 2017.

  1. Galactic Penguin SST

    Galactic Penguin SST FULL MEMBER

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    [China's best pupil: Part6] North Korea's Crude Oil Reserves

    China's Hydrocarbon Reserves

    September 02, 2014

    The Middle Kingdom is thought to have the world’s largest technically recoverable shale gas resources, as well as the third-biggest supply of recoverable shale oil—more than 30 trillion cubic meters (1,115 trillion cubic feet) of shale gas—nearly twice what the US claims.

    This is exciting news for a country that consumes more energy than any other nation on the planet—and whose natural gas consumption is expected to surge fivefold by 2035, according to the International Energy Agency.

    https://qz.com/258776/china-has-mor...ing-it-out-of-the-ground-could-be-disastrous/

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    ▲ Bassins with assessed shale oil and gas formations

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    ▲ Top ten countries with technically recoverable shale oil resources

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    ▲ Top ten countries with technically recoverable shale gas resources

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    ▲ China oil bassins

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    ▲ China eia/ari shale gas/oil assessment

    China becomes world’s top three shale gas producer

    August 29, 2017

    China has become the world’s third largest shale gas producer after the U.S. and Canada, delivering an output of 7.88 billion cubic meters in 2016, according to a recent press conference of the Ministry of Land and Resources.

    The Fuling shale gas field, located in southwest China’s Chongqing municipality, has a proven reserve of 600.8 billion cubic meters, the world’s second largest shale gas field after the U.S. The gas field aims to raise its annual shale gas output to 10 billion cubic meters by the end of this year.

    In the future, China is likely to build two shale gas bases, one in the southwestern city of Zunyi in Guizhou province and the other in Yichang City in Hubei province.

    Shale gas is natural gas that provides a new clean energy source. In 2011, the State Council of China categorized shale gas as the country’s 172nd mineral asset and started to manage the gas as an independent mineral resource. The U.S. started to explore shale gas in the 1980s.

    http://en.people.cn/n3/2017/0829/c90000-9261848.html
     

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  2. Galactic Penguin SST

    Galactic Penguin SST FULL MEMBER

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    North Korea's Crude Oil Reserves

    Mar 24,2015

    "We estimate there are 60 billion to 90 billion barrels of crude oil reserves in North Korea," said a North Korean economic official at the time.

    If those arguments turn out to be true, North Korea has the eighth-largest crude oil reserves in the world, next to the United Arab Emirates.

    [​IMG]
    ▲ Another unfathomable North Korean crude oil reserves

    http://koreajoongangdaily.joins.com/news/article/Article.aspx?aid=3002247

    North Korea's crude oil production increases year by year

    2017/07/31 [14:32]

    North Korea imported 2.2 million tons of crude oil in 1990, which is the annual demand for North Korea, which had not yet produced crude oil. Since 1990, the industrial productivity and military power of North Korea has greatly increased for 27 years until now. Therefore, annual demand of crude oil in North Korea is estimated to be about 2.5 million tons. By the end of 2013, however, North Korea stopped importing 500,000 tons of crude oil annually from China. The yearly imports of crude oil from Russia in 2015 were only 95,000 tons. This suggests that North Korea currently covers an annual demand of about 2.4 million tons of crude oil.

    As North Korea's crude oil production increases year by year, North Korea will construct a reclaimed land on the sea between the quay and the pier in Nampo Port, which stores crude oil from the West Sea continental shelf.
    There are eight additional storage facilities under construction.
    Since crude oil production in the West Sea is a joint venture between North Korea and China, North Korea sends some of its crude oil to China in accordance with the agreement on crude oil co-development. That is why it is often seen in satellite photographs that the crude oil shipping lines of China are filled with crude oil from North Korea.

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    ▲ China Ocean Oil Corporation has surprised the world by announcing that there is an estimated 7.15 billion tons of crude oil in the Korean West Sea continental shelf.
    This photo shows the 14,000t-class offshore platform owned by CNPC, a state-owned Chinese company, leaving the Dalian port in China on May 22, 2016.
    This offshore platform is located in the waters 3 km inside the exclusive economic zone of North Korea, on the continental shelf of the Korean Sea.
    According to the report, the annual output of the oil well No. 606 in the West Sea is 19,700 tons and the annual production of the well No. 609 is 152,000 tons. There are at least 10 such wells on the continental shelf belonging to the exclusive economic zone or territorial waters of North Korea's West Sea.


    http://jajusibo.com/sub_read.html?uid=34836&section=sc38&section2=

    North Korea's crude oil production started

    2017/SEP/03

    North Korea has already developed its economy based on coal energy, not oil, and is actively pursuing its own crude oil development.
    North Korea has decided at the 7th Congress that it will be active in the development of crude oil.
    North Korea was not involved in the development of crude oil because it had no nuclear deterrent and could not fundamentally prevent the war.
    However, now that the DPRK has a nuclear deterrent that can prevent a war, it is proclaiming that it will start to actively develop crude oil starting from the 7th Congress.

    http://jajusibo.com/sub_read.html?uid=35471&section=sc3&section2=

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    See also
     

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  3. eldarlmari

    eldarlmari BANNED

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    North Korea also have an abundance of uranium ores hidden beneath its mountains. This is why they have had no problems procuring nuclear fission material for their tests.