Chinese Refiners Increase Oil Imports From Iraq
Chinese independent refiners booked at least 12 million barrels of Iraqi and Qatari crude as Iranian supply cuts tighten access to cheaper feedstock.
8 Articles
8 Articles
Independent Chinese refining companies increased their purchases of Iraqi and Qatari oil to offset the decline in Iranian supplies, while exports from other Gulf States recovered through the Strait of Hormuz.
According to customers, Chinese refineries purchased at least 12 million barrels of Iraqi and country crude for delivery during the first and second months, while total purchases could reach 20 million barrels. Basra's medium and heavy crude come at the forefront of options, given ...
According to traders, as Iranian oil flows have decreased, independent Chinese refineries have increased their purchases of Iraqi oil.
China's independent refineries are turning to Iraqi crude oil after a US blockade cut off supplies from their largest supplier, Iran.
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