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
- Kazatomprom Signs Memorandum on Uranium Supply with Slovak Power Company
- Energy Ministry Proposes Canceling CT-KZ Certificate for Local Producers
- Kazakhstan Wins Four Medals at International Chemistry Olympiad
- Trump Announces New Patriot Missile Deliveries to Ukraine After Talks with Putin Stall
- Former Special Prosecutor Olesya Keksil Named as Suspect in Torture Case
- Trial Begins for Perizat Kairat Accused of Embezzling 3.5 Billion Tenge
- Week In Review: Tensions, Diplomacy, and Accusations Roil the South Caucasus
- KNB And Antikor Merger: Orda.kz Examines the Evolution of Kazakhstan’s Security Service
- Toqayev Briefed on Kashagan Gas Plant and Pipeline Expansion Projects
- Storms and Scorching Heat Forecast Across Kazakhstan From July 15
- Kazakhstan Proposes Lower Language Threshold for Citizenship Exam, Raises Constitutional Knowledge Requirement
- Digital Nomad Residency: Authorities Respond to Technical Complaints
- Toqayev Sends Bastille Day Greetings, Emphasizes Strategic Ties With France
- KNB Chief Sagimbayev: From Terrorism to Cybercrime, Kazakhstan Faces Complex and Evolving Security Threats
- Kazakhstan Establishes Presidential Reserve Fund Holding Up to 3% of Budget Revenues
- Scammers Posing as Security Agents Trick Architect Into Selling Property
- Ulytau Officials Respond to Fine: Blogger Was Penalized Over Unfounded Corruption Claims
- Kazakhstan Lifts Gallium Export Duty
- Chinese Firm Proposes to Fund New Port and Logistics Hub in Mangystau Region
- ForteBank Stock Soars on Home Credit Deal, Then Plunges 30% in a Day
