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Oil Development Deal Struck With N. Korea

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From Times Wire Reports

China and North Korea have signed an agreement to jointly develop offshore oil reserves, the Chinese government said.

The deal was signed after a meeting in Beijing between North Korean Vice Premier Ro Tu Chol and his Chinese counterpart, Zeng Peiyan, the official New China News Agency reported.

The report didn’t say where the two governments planned to carry out oil development.

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