Home Business State refiners halt oil imports from Chinese language corporations: Report

State refiners halt oil imports from Chinese language corporations: Report

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NEW DELHI: Indian state refiners have stopped shopping for crude oil from China-linked corporations, three sources stated, after New Delhi’s latest regulation geared toward proscribing imports from international locations that it shares a border with.
The brand new regulation, put in place on July 23, comes after a border conflict between India and China that killed 20 Indians and soured relations between the 2 neighbours.
Final week, state refiners determined to cease sending crude import tenders to Chinese language buying and selling agency like CNOOC Ltd , Unipec and PetroChina, amongst others, one of many sources stated.
State refiners Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, Mangalore Refinery and Petrochemical didn’t instantly reply to requests for remark.
CNOOC, PetroChina and Unipec father or mother Sinopec additionally didn’t instantly reply to requests for remark.

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