This is interesting:
Aminex has signed a 20-year agreement to develop North Korea?????s petroleum industry.
The oil and gas company - listed in London and Dublin - will initially provide technical assistance to the closed state.
Aminex will receive a royalty on hydrocarbons produced from any new drilling in the country, be entitled to a carried interest in any wells drilled by incoming companies and have a prior right to explore in its own name anywhere in the country.
The agreement is part of North Korea?????s drive to develop an indigenous energy industry.
I think it’s at this point that Brian at Cathartidae would joke (?) that Pyongyang had better hope Aminex doesn’t find anything; otherwise, with a nuclear program AND oil, Kim Jong-il is truly screwed.
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S’pose that explains the Brit envoy snooping around in the DPRK the past few weeks.
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