China’s Sinopec Signs 2019 Annual Crude Oil Supply Deal with Kuwait
Volumes agreed in the contract were not made public.
By Anil
Mathews
OILMONSTER.COM- Chinese oil major Sinopec on Thursday signed a 2019 annual deal to purchase crude oil from Kuwait Petroleum Corp at a public ceremony during a trade conference in Shanghai.
Volumes agreed in the contract were not made public, but two Sinopec executives with knowledge of the terms said Kuwait would supply the same amount of crude as in 2018.
The sources declined to be identified as they were not authorised to speak with media.
That came after PetroChina signed a 2019 crude supply deal with Kuwait on Wednesday, with volumes unchanged from this year.
Courtesy: www.indiatimes.com
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