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Latest Economic News

China increases oil purchases

January, 14 2025

Chinese state-owned oil corporations, as well as large private refiners, are actively buying up oil coming from the Middle East and other regions. This is due to possible supply disruptions caused by increased sanctions pressure on Russia and Iran. Among the companies involved in the procurement, such players as Cnooc and Shandong Yulong Petrochemical Co stand out, which place urgent oil orders with prompt delivery times. Special attention is being paid to deliveries scheduled for February.... Read More

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