Sŭngri Petrochemical Complex

The Sŭngri Refinery is a Russian-design oil refinery with a capacity of 2 million tons located in Sŏnbong-gun, 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 In 2016, South Korean newspaper Korea Joogang Daily reported HBOil had withdrawn from the deal following pressure from the international community due to North Korea's ongoing nuclear weapon and missile testing.[3] HBOil publicly denied the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]

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References
  1. Kohn, Michael; Humber, Yuriy (18 June 2013). "Mongolia Taps North Korea Oil Potential to Ease Russian Grip". Bloomberg.
  2. Kokubu, Hayato, 将軍様の鉄道 (Shōgun-sama no Tetsudō), p. 93 ISBN 978-4-10-303731-6
  3. "Mongolia pulls out of oil deal with the North". Korea JoongAng Daily. Retrieved 2020-04-15.
  4. Macdonald, Hamish (2016-03-25). "Mongolian oil company refutes reports of withdrawal from North Korea | NK News". NK News - North Korea News. Archived from the original on 2016-04-06.

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