State-owned PetroChina will not buy up heavily discounted Russian oil and gas, China’s biggest oil and gas refiner said Friday. Chief Financial Officer Chai Shouping told an online earnings conference with analysts that PetroChina did not currently have any “plans or arrangements” to acquire cheap oil and gas from Russia, Nikkei Asia reported.
The state-owned company said it was conducting business with Russia in accordance with “pre-signed contracts”, and, unlike India, it was not looking to take advantage of…China’s Biggest Refiner Has No Plans To Scoop Up Cheap Russian Oil
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