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BREAKING
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace
Member of the Ansar Allah Political Bureau, Mohammed al-Bukhaiti: The Israeli aggression on Yemen will not deter us from continuing to support Gaza, no matter the sacrifices
Al Mayadeen's correspondent: The Israeli aggression targeted the Yemeni Oil Company station on Al-Sitteen Street, southwest of the capital, Sanaa, with several raids

China's refiners buying Russian oil at steep discounts: FT

  • By Al Mayadeen net
  • Source: Agencies
  • 4 May 2022 10:46
1 Min Read

Chinese independent refiners have been purchasing Russian oil discreetly at sharply discounted prices.

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  • FT: China's refiners buying Russian oil at steep discounts
    FT: China's refiners buying Russian oil at steep discounts

China's independent refiners have been covertly purchasing Russian oil at substantial discounts while Western countries cease sales and consider potential embargoes due to the conflict in Ukraine.

To escape scrutiny and US sanctions, an executive at a Shandong-based independent refinery said it had not publicly acknowledged dealings with Russian oil suppliers since the Ukraine crisis began.

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US prepares to sanction Rosneft, Lukoil if talks fail: Reports

The insider went on to say that the refinery has taken over part of the Russian crude purchase quotas from state-owned commodities trading businesses viewed as representing Beijing.

Read more: How sanctioning Russia may be futile :The Hill

Many Western firms are either self-sanctioning or unable to acquire the insurance, shipping, or finance required to purchase Russian goods, fueling hopes that China may step in and buy the unsold barrels.

The US and the UK have banned Russian oil, and the EU is considering an embargo and other restrictions. Commodity merchants located in the EU and Switzerland will be unable to sell Rosneft barrels anyplace else in the globe from May 15.

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  • China
  • Russian Gas

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