Iran seeks to export oil to North Korea

Oil Minister Rostam Ghasemi is quoted saying trade negotiations between Tehran and Pyongyang are underway

Iranian Oil Minister Rostam Ghasemi (photo credit: AP/Vahid Salemi)
Iranian Oil Minister Rostam Ghasemi (photo credit: AP/Vahid Salemi)

TEHRAN, Iran (AP) — Iran’s oil ministry says the country is considering exporting oil to North Korea as a way to improve its battered economy.

The official IRNA news agency quoted on Saturday Oil Minister Rostam Ghasemi as saying talks are underway between Tehran and Pyongyang on oil exports.

An oil deal would bring the two nations deeply at odds with the US and the West closer together. In September, they signed a scientific and technological cooperation agreement. A delegation from North Korea’s oil ministry is currently visiting Iran.

Iranian and North Korean officials have said in the past that their nations are in “one trench” in the confrontation with Western powers.

But Iran has denied a UN report saying the two have exchanged ballistic missiles, components and technology in violation of UN sanctions.

Copyright 2013 The Associated Press.

Most Popular
read more:
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.