Unipec resells US crude oil to India\, South Korea amid trade tensions

Unipec resells US crude oil to India, South Korea amid trade tensions

Unipec is China's main importer of U.S. crude, but its imports have been disrupted after Beijing imposed a 5% tariff on U.S. crude from September 1Reuters  |  September 05, 2019, 15:44 IST
Unipec resells US crude oil to India, South Korea amid trade tensions SINGAPORE/NEW DELHI: Unipec is reselling some U.S. crude oil meant for China to buyers in India and South Korea after Beijing imposed a tariff on U.S. oil amid escalating trade tensions with Washington, three sources with knowledge of the matter said on Thursday.

Unipec, trading arm of Asia's top refiner China Petroleum & Chemical Corp, or Sinopec, is China's main importer of U.S. crude, but its imports have been disrupted after Beijing imposed a 5% tariff on U.S. crude from Sept. 1.