Thu, March 27, 2025
Wed, March 26, 2025
Tue, March 25, 2025
[ Tue, Mar 25th ]: News4Jax
10 IRA mistakes to avoid
Mon, March 24, 2025
Sun, March 23, 2025
Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025

China's Sinopec to prioritise risk control in Russian oil purchases, exec says


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -control-in-russian-oil-purchases-exec-says.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Top Chinese refining major Sinopec Corp will prioritise "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said on Monday.

The article from Reuters discusses how China's Sinopec, one of the world's largest oil companies, is focusing on risk management in its dealings with Russian oil purchases. During the Boao Forum for Asia, Sinopec's President, Yu Baocai, highlighted the importance of controlling risks associated with buying Russian oil amidst geopolitical tensions and sanctions. He emphasized that while Sinopec continues to engage in trade with Russia, the company is cautious about the potential risks, including financial and reputational risks due to international sanctions. Yu also mentioned that Sinopec is looking to diversify its energy sources to mitigate these risks, indicating a strategic shift towards a more balanced and secure energy supply chain.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/chinas-sinopec-prioritise-risk-control-russian-oil-purchases-exec-says-2025-03-24/ ]

Publication Contributing Sources