Trafigura denied it was involved in the illicit transfer of fuel to North Korea after the South Korean government said the world's third-biggest independent oil trader originally owned the cargo that was shipped in breach of United Nations sanctions.
Trafigura did not order the shipment of oil to North Korea and it neither owns nor chartered the vessel Lighthouse Winmore, which was alleged to have made the transfer, according to an emailed statement. The South Korean foreign ministry earlier Tuesday said Trafigura owned the cargo and authorities are investigating whether it ordered the transaction.
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