China, North Korea strike oil deal
Sunday 25 December 2005, 12:35 Makka Time, 9:35 GMT
also
ANALYSIS: North Korea dreams of oil-funded security
Also a nice mention on BLOOMBERG this AM
They even sum up the story nicely
"The country's petroleum potential lured Dublin-based Aminex Plc and its Korea-focused subsidiary, Korex Ltd., which in August announced the signing of a nine-year production-sharing agreement to explore and develop 66,000 square kilometers (25,000 square miles) of North Korean territory. The agreement covers areas in the Yellow Sea's West Korea Bay and in the Sea of Japan as well as onshore."
