cross-posted from: lemmy.sdf.org/post/45438544
Chinese provincial government-backed refiner Yanchang Petroleum is avoiding Russian oil in its latest crude oil tender for deliveries between December and mid-February，two traders with knowledge of the matter said on Tuesday.
Yanchang, located in the landlocked northern province of Shaanxi, has been a regular buyer of Russian oil, typically taking in one shipment per month, usually Far East export grade ESPO blend or Sokol, one of the traders said.
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A raft of recent western sanctions on Russian oil shipments, including U.S. measures last month against Moscow’s top two exporters, has led China’s state oil companies and some Indian refiners to avoid buying Russian oil due to concerns about falling foul of secondary sanctions.
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