China s Sinochem Corp has
bought a million barrels of Venezuelan crude oil for arrival in
December, a rare purchase as the state oil and chemicals group
capitalises on Washington s suspension of. -December 19, 2023 at 12:12 am EST
- MarketScreener
SINGAPORE: China's Sinochem Corp has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals group capitalises on Washington's suspension of sanctions on the South American producer. In mid-October, Washington suspended sanctions on Venezuela
China’s state oil and chemicals giant Sinochem has bought a rare cargo of Venezuelan crude, trade sources told Reuters on Tuesday, as Chinese state-owned firms look to acquire cheaper crudes without fear of secondary sanctions now that the U.S. has eased .