Nuclear Nonproliferation. Status of Heavy Fuel Oil Delivered to North Korea Under the Agreed Framework

As of July 31,1999,1.9 million metric tons of heavy fuel oil had been delivered to North Korea at an approximate cost of $222 million. For the first 3 years of the Agreed Framework's implementation, shipments to North Korea did not occur on a regular and predictable schedule because KEDO-the or...

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Bibliographic Details
Main Authors: Jones, Gary L, Aloise, Gene, Coles, Ryan T, Sgobba, Victor J
Format: Report
Language:English
Subjects:
BULK CARGO
COSTS
DELIVERY
FUEL OIL
Fuels
GAO REPORTS
Government and Political Science
HEAVY FUELS
INTERNATIONAL RELATIONS
NORTH KOREA
PREDICTIONS
SCHEDULING
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Summary:As of July 31,1999,1.9 million metric tons of heavy fuel oil had been delivered to North Korea at an approximate cost of $222 million. For the first 3 years of the Agreed Framework's implementation, shipments to North Korea did not occur on a regular and predictable schedule because KEDO-the organization that has arranged and paid for the majority of the heavy fuel oil shipments-did not always have sufficient funding to pay for heavy fuel oil deliveries. For the past 2 years, shipments of heavy fuel oil to North Korea have been made more regularly because of increased contributions from the organization's members and decreasing commodity and freight prices. Because of a recent rise in commodity and freight prices, a KEDO official stated that the organization would need about $ 10 million in additional funding above existing or promised contributions in order to pay for the remaining 1999 heavy fuel oil deliveries. Report to the Chairman, Committee on International Relations, House of Representatives.