China's Unipec, the trading division of Sinopec, has purchased a rare cargo of North Sea oil from Norway's Johan Sverdrup field. The cargo, consisting of 8 million barrels, is the largest volume of North Sea oil bought by a Chinese company since February 2022.
China 's Unipec , the trading division of Sinopec , has purchased a rare cargo of North Sea oil from Norway's Johan Sverdrup field. The cargo, consisting of 8 million barrels, is the largest volume of North Sea oil bought by a Chinese company since February 2022. Previously, Norwegian oil from the Johan Sverdrup field was frequently imported by China , but this changed after the EU imposed an embargo on Russian energy imports.
Unipec also made headlines earlier this year for buying 1 million barrels of oil from the strategic petroleum reserve
China Unipec Sinopec North Sea Oil Johan Sverdrup Field Cargo Import Embargo Russian Energy Strategic Petroleum Reserve
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