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Friday, March 14, 2014
According to the most recent reports out of Libya the tanker filled with crude that was allegedly loaded by rebel is being operated by an Egyptian firm. North Korea denied it had anything to do with the Morning Glory tanker taking on crude in Libya, even though the vessel is flagged out of that country.
North Korea claimed that the registry of the Morning Glory had been revoked and demands were sent out for the Alexandria-based Golden East Logistics Co. leave the Libyan port without the oil.
The tanker, carrying at least 234,000 barrels of crude oil, sailed from a rebel-controlled port into international waters on March 11.
A contract signed by North Korea with the Egyptian company prohibits the tanker from transporting contraband cargo and entering war or disaster zones, North Korea said through a report in its state media.
“The ship has nothing to do with the DPRK at present and it (North Korea) has no responsibility whatsoever as regards the ship,” the report said.
The presence of a North Korean-flagged vessel in the Mediterranean is very unusual, although the country has been involved in trading arms in the region. Cheong Seong-chang, a senior analyst at Seoul-based think tank Sejong Institute, said the rebels may have offered oil to North Korea at a fraction of market prices.
North Korea suffers from chronic energy shortages and depends almost entirely on its ally China for its oil imports.
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