SEOUL, Feb. 26 (UPI) -- South Korea has allocated $21 million to provide 50,000 tons of heavy fuel oil to North Korea under a recent nuclear deal, Seoul officials said Monday.
"The government is preparing to provide 50,000 tons of heavy fuel oil for North Korea in accordance with the Feb. 13 nuclear accord," Foreign Ministry spokesman Yang Chang-seok told reporters.
The oil shipment will cost an estimated 20 billion won ($21.3 million), including delivery expenses, he said.
Under the deal reached in Beijing at the six-party talks, North Korea will receive 50,000 tons of heavy fuel oil or equivalent assistance in return for its initial moves toward nuclear disarmament.
The energy-starved communist nation will also receive an additional 950,000 tons of heavy fuel oil or equivalent as soon as it completes "disabling all existing nuclear facilities, including graphite-moderated reactors and reprocessing plant."
