Chinese state-owned oil and gas company Shaanxi Yanchang Petroleum Group is trying to find a replacement for russian oil after the latest US and British sanctions against the aggressor country of russia.
This was reported by Reuters, citing its own sources in trade circles.
The agency's unnamed interlocutors said that Yanchang Petroleum is looking for oil of non-russian origin. The search for raw materials is taking place as part of a tender for supplies from December 2025 to February 2026.
It is emphasized that previously the company was a regular buyer of russian oil, usually purchasing one batch per month. As a rule, Yanchang Petroleum purchased ESPO or Sokol oil.
Reuters also writes that Luoyang Petrochemical - a subsidiary of Chinese energy giant Sinopec - has closed two crude oil distillation units for maintenance until the end of November.
The closure came after the US imposed sanctions on a key terminal in eastern China in early October, through which Sinopec receives a fifth of its oil imports. This forced the redirection of supplies and affected the operation of subsidiaries connected via pipelines.
Both Luoyang Petrochemical plants, with a combined capacity of 200,000 barrels per day, were closed in late October.
As Ukrainian News Agency earlier reported, on November 3, Bloomberg reported that more and more Chinese oil refiners were refusing to purchase russian oil due to the latest US sanctions against russia.
And in late October, it became known that Chinese state-owned oil refiners PetroChina, Sinopec, CNOOC and Zhenhua Oil decided to refrain from importing oil from russia by sea amid US sanctions.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.