China’s CNOOC stockpiles Russian oil at new reserve base, traders, tanker trackers say

State-run China National Offshore Oil Co, one of the country’s top importers of Russian oil, has in recent months been pumping shipments of ESPO blend from Russia’s Far East into a newly launched reserve base, according to traders and tanker trackers. This is the first time stockpiling of Russian ESPO blend crude at CNOOC’s new …

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