Project ID: 73425

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

Commitment amount

$ 21548338.941461653

Adjusted commitment amount

$ 21548338.94

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2001-01-01

Description

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.

Additional details

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

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of North Korea [Government Agency]