Iran to Export Oil to North Korea.

Iran to Export Oil to North Korea.HT: UskowiOnIran. Iran's oil ministry said it was considering exporting oil to North Korea. The official IRNA news agency today quoted Oil Minister Rostam Qasemi as saying talks were under way between Tehran and Pyongyang on oil exports. (IRNA, 20 April)
An oil deal with North Korea will bring the two countries closer together and will add to the volume of Iran’s exports that has been severely cut due to sanctions. Read the full story here.

Updated: Oil ministers of Iran and North Korea held negotiations on export of Iranian oil to North Korea, Fars News Agency reported.

Earlier on Thursday Iranian oil minister met with his North Korean counterpart during international energy exhibition held in Tehran, Fars News Agency reported on Apr.18.

According to the report, Rostam Gasemi and Pae Hak met during Iran's 18th International Oil, Gas, Refining and Petrochemical Exhibition started work on Wednesday.

Before on April 16, South Korean Yonhap News Agency reported that North Korea sent a delegation to the energy exhibition in Iran, indicating that Pyongyang wants to maintain close relations with the oil-rich Middle Eastern country. According to the report, a delegation of the Ministry of Oil Industry, led by the minister Pae Hak, left Pyongyang on Tuesday in order to participate in the international energy event in the Iranian capital of Teheran, according to the (North) Korean Central News Agency.

Some North Korean observers in Seoul claimed that the impetus behind sending the delegation may be to strengthen economic and political relations with Iran.

The two countries are believed to be cooperating closely, technically and financially, in their development of nuclear arms, missiles and other weapons of mass destruction (WMD). They have both been sanctioned by the international community, which sees the countries as global security risks.

Pyongyang recently detonated its third nuclear device on Feb. 12, launched a long-range rocket in December and has several times threatened South Korea, the United States and Japan with pre-emptive nuclear attacks.Read the full story here.