North Korea’s potential peace dividend

The Donald Trump-Kim Jong-un summit has raised hopes of a relaxation of sanctions on North Korea, allowing imports of much needed fuel from South Korean refiners and exports of its rich mineral deposits

		Crude oil imports 	Refined oil products (billion barrels/year)
Under sanctions 	4.0 		0.5
Before sanctions 	4.0 		4.5


Railways Minerals Oil refineries Planned gas pipeline


Existing oil pipeline from China’s Daqing oil field to Pongwha refinery
Dandong
Pongwha
Sohanman Basin Possibly 60bn barrels crude oil
Holdong Gold
Pyongyang
Kaesong
Yellow Sea
CHINA
Hyesan Copper, silver
NORTH KOREA
Seoul
SOUTH KOREA
Vladivostok 
RUSSIA
Musan Iron ore
Sungri
Chongjin
Daeheung Magnesite
Geomdeok Zinc
Donghanman Basin Possibly 5 billion barrels crude oil
Jongju: Could be world’s largest deposit of rare earth elements – crucial to manufacture of modern electronics
Demilitarized Zone
East Sea
100km 60 miles


Sources: S&P Global Platts, Stratfor, Korea JoongAng Daily
© GRAPHIC NEWS