Overview

Chinese Government donates 45,000 tons of diesel oil in 2001 (Linked to Record ID#63333, #73424, #73426)

Commitments (Constant USD, 2023)$19,902,857

Commitment Year•2001Country of Activity•Democratic People's Republic of KoreaDirect Recipient Country of Incorporation•Democratic People's Republic of KoreaSector•Industry, Mining, ConstructionFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2001

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of North Korea

Loan description

Chinese Government donates 45,000 tons of diesel oil in 2001 (Linked to Record ID#63333, #73424, #73426)

Narrative

Full Description

Project narrative

In 2001, the Chinese Government decided to donate 45,000 tons of diesel oil to North Korea, according to the KCNA. This donation was verified by the Republic of Korea's Ministry of Unification. 45,000 tons of oil is equivalent to 329,850 barrels of oil. Therefore, to estimate the monetary value of this donation ($8,569,503), AidData takes the average price ($25.98) of a barrel of West Texas Intermediate (NYMEX) Crude Oil in 2001 and multiplies it by 329,850 barrels of oil.

Staff comments

This project is linked to other diesel oil donation projects captured in Record ID#63333, #73424, #73426.