Sinopec resumes Russian oil purchase after short pause amid sanctions risks, sources say
ReutersApr 23, 2025 10:14 AM
SINGAPORE, April 23 (Reuters) - Sinopec, Asia's top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday.
Unipec, a trading arm under China's state-run Sinopec 600028.SS, has bought May-loading Russian Far East ESPO Blend oil, the sources said, having been absent from the trade of March and April-loading ESPO cargoes.
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