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PetroChina, Sinopec, CNOOC Halt Purchases of Russian Oil: Rumor
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After the US announced a new round of sanctions against Russia's two major oil companies, Rosneft and Lukoil, PETROCHINA (00857.HK), SINOPEC CORP (00386.HK), CNOOC (00883.HK), and Zhenhua Oil suspended purchases of Russian seaborne oil, according to sources cited by Reuters.

These four companies have not yet responded to the news, while India, the largest buyer of Russian seaborne oil, is also preparing to sharply cut its crude oil imports.

Related NewsG Sachs: PetroChina Can Adjust Crude Oil Procurement Strategy to Mitigate Impact of Sanctions on Subsidiaries

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