China's PetroChina, Sinopec mum on Russian oil imports

Crude imports increase, but buyers are reluctant to speak up

20230831 Oil Russia

China's imports of Russian crude increased 25% in the first seven months of the year.   © Reuters

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- China has greatly expanded imports of discounted Russian crude oil since Moscow's invasion of Ukraine fueled Western sanctions, but the country's oil majors have been hesitant to talk about any role they might have in the purchases.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.