Sinopec resists bargain Iran crude

Chinese giant Sinopec Corp, the biggest buyer of Iranian oil, has no plans to raise its Iranian crude imports for the rest of this year so as to avoid falling foul of tough US sanctions on Tehran's oil trade.

Sinopec: The Chinese giant will not take advantage of cheap Iranian oil prices, an official has told Reuters.
Sinopec: The Chinese giant will not take advantage of cheap Iranian oil prices, an official has told Reuters.
Published 12 June 2012, 07:38Updated 11 October 2016, 06:59
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