China Petroleum & Chemical or Sinopec (SHA:600028, HKG:0386) restarted purchases of oil from Russia after a break in March to gauge risks of US sanctions against Russian firms, Reuters reported Wednesday, citing trade sources.
Sinopec trading arm Unipec purchased oil Far East ESPO Blend oil from Russia for May, the report said, citing sources.
The purchase follows an absence of March and April-loading ESPO loads, the report said.
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