N. Korea aid for disarmament talks begin by Delia Cruceru

Representatives from six nations gathered at Panmunjon, a truce village on the inter Korean Border, to start two days of talks on ending North Korea's nuclear program. "After many twists and turns, the six-party process has gained momentum again," South Korean envoy Chun Yung-woo said as the talks began. Experts from US, China, Japan, Russia and South Korea will analyze possibilities of granting Korea with 950.000 tons of oil in exchange for declaring and disabling all its nuclear facilities. South Korea has already given 50.000 tons of oil to North Korea, in exchange North Korea shut down its sole operating nuclear reactor in July. But North Korea has limited facilities for receiving that amount of oil, one unidentified official from South Korea told Yonhap news agency that North Korea only had the storage capacity to accept 200,000 tons of oil per year. "We want to give the oil to North Korea as quickly as possible but paradoxically it cannot afford to take it all," a Seoul official engaged in the six-party talks told AFP last month. The group will provide for North Korea energy and economic assistance, denuclearization, northeast Asian security, and U.S. promised helping to rebuild the country's infrastructure.

related story: http://news.yahoo.com/s/ap/20070807/ap_on_re_as/koreas_nuclear;_ylt=An_pIR7HRJN1TpB1GfQcYzCs0NUE

by Delia Cruceru for PocketNews (http://pocketnews.tv)

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