A union created in China in connection with purchase of oil

15:44 - 29.06.2020

June 29, Fineko/abc.az. China's four largest oil companies are discussing plans to form a group for joint oil purchases.

ABC.AZ informs that this is reported by Bloomberg.

Speech is about corporations China Petroleum & Chemical, PetroChina, Cnooc and Sinochem Group. Thus, companies want to expand their influence on the price.

According to the information, the companies will submit their first joint orders for oil in the U.S. and Russia in July.

 

Other news