Chinese state-owned companies are still refusing to buy Russian oil


China's state-owned refiners (Sinopec, CNOOC, PetroChina, Sinochem) are holding back from buying Russian oil due to US sanctions fears. At the same time, independent Chinese companies continue to buy black gold from Russia.


At the same time, it is expected that importers of oil from Russian fields will replace it with supplies from the oil-bearing countries of the Middle East. First of all, Beijing and New Delhi can take such a step.

In addition, according to the Oil Price resource, the European Union, Japan and South Korea can "exchange" about 650 thousand barrels of daily supplies of Russian crude oil for similar grades and volumes from the Middle East countries.

There are other reasons for the temporary refusal of the Chinese to buy oil from Russia. Experts from the consulting agency Wood Mackenzie note that China has not yet shown much interest in black gold from the Russian Federation due to expensive freight for Russian cargo due to sanctions, problems with payments and insurance of tankers.

Chinese oil refiners refer, among other things, to long-term contracts with Middle Eastern exporters, as well as to the fact that the delivery of oil by sea from Russia takes longer than from the countries of the Middle East.
  • Photos used: https://giignl.org/
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  1. Alexey Davydov Offline Alexey Davydov
    Alexey Davydov (Alexey) April 6 2022 19: 56
    +1
    No one guaranteed that a full life is possible for Russia under the sanctions.
    Termination, and even slowdown of development, in the world of international competition can be tantamount to death.
    How is it in our doctrine? "A threat to the very existence of the state"?
    In my opinion, there is every reason to seek the removal of sanctions from the States, even if this requires the threat of them with nuclear weapons.
    1. Smilodon terribilis nimis April 6 2022 20: 36
      0
      And in what way did we compete before the sanctions? In the transfer of natural resources? Sanctions are definitely bad. But at the same time, it is a fire that cleanses from filth. And there is a lot of filth now.
      1. Alexey Davydov Offline Alexey Davydov
        Alexey Davydov (Alexey) April 6 2022 20: 56
        0
        But at the same time, it is a fire that cleanses from filth.

        Indeed, once for the sake of purification they burned at the stake.
        However, there is too much fire, and its selectivity leaves much to be desired.
        1. Smilodon terribilis nimis April 6 2022 23: 02
          +3
          Undoubtedly. But we have no other choice. Yeltsins and Gorbachevs did too much. Too much.
          1. Alexey Davydov Offline Alexey Davydov
            Alexey Davydov (Alexey) April 7 2022 01: 56
            0
            But we have no other choice. Yeltsins and Gorbachevs did too much.

            You are talking about total sanctions. Like a cleansing soul. Radically.
            So you will get rid of your hair - along with your head?
            1. Smilodon terribilis nimis April 7 2022 02: 19
              0
              Well, if the head is rotten, then from the head.
              1. Alexey Davydov Offline Alexey Davydov
                Alexey Davydov (Alexey) April 7 2022 11: 24
                0
                Together with yourself. Or are you a mutant?
                1. Smilodon terribilis nimis April 7 2022 21: 24
                  0
                  I am not, but you are. Your Ruin is Lernea.
  2. Poligraf Poligrafovich (Vadim Vorobyov) April 7 2022 01: 17
    0
    ... In, at least there will be a lot of bitumen, we can rebuild normal roads !!!
  3. Kofesan Offline Kofesan
    Kofesan (Valery) April 7 2022 22: 35
    0
    The Chinese Foreign Ministry has already refuted these wet dreams squeezed out of the depths of Reuters ...

    Empire of lies, however! What can you take from them, except for diarrhea. Verbally, of course...
  4. Roma Phil Offline Roma Phil
    Roma Phil (Roma) April 8 2022 08: 31
    0
    Well, after all, all the same, everyone will not have enough oil from the countries of the Middle East.