Sinopec Cuts Russian Oil Purchases, Russia Becomes India's Top Naphtha Supplier
Photo: Grok AI Generated, ill. purposes
Sinopec Shanghai Petrochemical, one of China’s largest crude oil buyers, has announced a reduction in Russian oil imports in the first quarter of 2025, following more than a twofold increase last year, Orda reports, citing NikkeiAsia.
The company’s vice president cited “significant policy changes” driven by former U.S. President Donald Trump’s actions but did not elaborate on specific reasons.
He also noted that predicting trends in the oil market has become increasingly difficult due to rising political and economic uncertainty.
Meanwhile, Russia has overtaken the United Arab Emirates as India’s leading naphtha supplier over the past year, Reuters reports, citing preliminary ship-tracking data. Indian refiners have increasingly turned to discounted Russian shipments, reshaping trade flows amid ongoing sanctions and global market realignments.
Latest news
- Mother Questions Official Account of National Guard Conscript’s Death in Oral
- KazTransOil to Boost Oil Supplies to Kyrgyzstan, Resume Transit to Uzbekistan
- Russian Teen Who Fled to Kazakhstan to Escape War Faces Deportation
- Lawyer Comments on Gulnara Bazhkenova's House Arrest Conditions, Appeals to International Organizations
- Kazakhstan Marks Independence Day, Remembering the Tragic December Events of 1986
- Kremlin Spokesperson Says Ukraine’s Non-NATO Status Is Central to Peace Talks
- Kcell Receives Certification for Information Security
- Uzbekistan Aims to Halt Gas Production Decline by 2026 With New Fields
- Kyrgyzstan: Culture Ministry Denies Reports of Ban on Valery Meladze Concert
- Kazakh Ophthalmologist Wins International Honors at Hong Kong ICT Awards 2025
- Kazakhstan: Construction Industry Urges for Return to Previous Time Zone
- KTZ Spends 79 Million Tenge on New Workwear After Complaints From Mangystau Employees
- Armenian Defense Minister Says Situation Calm Along Border With Azerbaijan
- Zelenskyy Signals Ukraine Could Forego NATO Membership in Exchange for Security Guarantees
- Kazakhstan Says Damage From Drone Attack on CPC Facility Still Being Assessed
- Kazakhstan May Build Planned Thermal Power Plants Independently Amid Delays in Russian Financing
- Expert Warns Sale of Transtelecom Stake Overlooks Kazakhstan’s National Security Risks
- Kazakhstan Says Alternative Oil Export Routes Are Available Amid CPC Infrastructure Issues
- Former Foreign Ministry Spokesman Aibek Smadiyarov Appointed Head of Domestic Policy Department
- Kadyrov Says He Is Ready to Run Again as Chechnya’s Head in 2026
