China to sell oil from strategic reserves first time

11:39 - 10.09.2021

September 10, Fineko/abc.az. For the first time China will sell oil from national reserves.

ABC.AZ reports that oil will be sold to local refineries and chemical companies.

With this decision, China is trying to slow down the growth of oil prices.

On 5 July, the National Food & Strategic Reserves Administration of China began selling strategic metal reserves to the market.

 

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