Chinese independent refiner says BP has agreed 3-year framework deal to supply crude oil

The deal covers supplies between 2019 and 2021REUTERS  |  April 18, 2019, 10:57 IST
Chinese independent refiner says BP has agreed 3-year framework deal to supply crude oil DONGYING, China: BP has agreed a three-year framework crude oil deal with independent Chinese refinery Shandong Tianhong Chemicals, with annual supplies at 8 million barrels starting this year, an executive with the Chinese company said on Thursday.

Li Dongbo, president of Shandong Tianhong Chemicals, told Reuters the deal covers supplies between 2019 and 2021, but did not specify when supplies will commence this year. The executive was speaking on the sidelines of an industry conference.

BP did not immediately respond to a request for comment.