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Ukraine war

China's Sinopec to keep buying Russian oil and gas, exec says

President calls purchases 'normal trading cooperation'

Sinopec is involved in two major projects in Russia, a production joint venture with Rosneft and development of a chemical and processing complex with Sibur.    © Reuters

HONG KONG -- Chinese state energy company Sinopec will continue to buy crude oil and gas from Russia, a top executive said on Monday, even as Western democracies step up sanctions in response to the country's invasion of Ukraine.

The company, known formally as China Petroleum and Chemical, is involved in two major projects in Russia: an oil and gas production joint venture called Taihu in the Volga-Ural petroleum basin in western Russia with state-owned peer Rosneft, and the development of the Amur gas chemical complex and processing plant with Sibur in the Russian Far East, adjoining China.

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