Project ID: 63378

Chinese Government donates 5,000 tons of diesel fuel to North Korea in 2008

Commitment amount

$ 5546374.977684159

Adjusted commitment amount

$ 5546374.98

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

North Korea

Sector

Industry, mining, construction (Code: 320)

Flow type

Grant

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2008-01-01

Description

On July 25, 2008, the Tender Committee of China’s Ministry of Commerce identified Sinochem Corporation as the winning bidder for a grant-finance project to deliver 5,000 tons of diesel fuel to North Korea. On August 22, 2008, MOFCOM approved the general contract price for the project. It is unclear if and when this project was implemented. 5,000 tons of oil is equivalent to 36,500 barrels of oil. Therefore, to estimate the monetary value of this donation ($3,637,955), AidData takes the average price ($99.67) of a barrel of West Texas Intermediate (NYMEX) Crude Oil in 2008 and multiplies it by 36,500 barrels of oil.

Additional details

The Chinese project title is 援朝鲜柴油项目.

Number of official sources

3

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of North Korea [Government Agency]

Implementing agencies [Type]

Sinochem Corporation [State-owned Company]