PetroChina, Hengli win four cargoes in first China reserve sale
$Petrochina(601857.SH$ $Hengli Petrochemical(600346.SH$
State energy major PetroChina 601857 and private refiner and chemical producer Hengli Petrochemical 600346 won four cargoes totalling about 4.43 million barrels in China's first public sale of state reserves, sources with direct knowledge of the auction said.
State energy major PetroChina 601857 and private refiner and chemical producer Hengli Petrochemical 600346 won four cargoes totalling about 4.43 million barrels in China's first public sale of state reserves, sources with direct knowledge of the auction said.
PetroChina took the Qatar Marine and Fortis cargo both at $65 a barrel and Hengli bought the Oman cargo at $65 and Upper Zakum at $70.5.
The sale of the fifth cargo of Murban crude was aborted.
The sale was completed in less than an hour.
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