Chinaoil emerges as major force in crude trading
26.04.09
Source ::: REUTERS
SINGAPORE: Chinaoil, trading arm of state refiner PetroChina, has been the most active player on crude oil during the Asian Platts window this month, signalling its aim to become a major market force, rivalling peer Unipec.
It is only the third Asian firm, after South Korea’s largest refiner SK Energy and Unipec, trading unit of Asia’s top refiner Sinopec, to actively participate in the trading window dominated by majors such as Shell, BP and Total, as well as large independent traders such as Vitol and Glencore...
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