Sanctions will slow rather than stop Chinese investments in Russian energy. China's holdings in key export projects in Russia underscores the growing role it sees its northern neighbour playing in shoring up its long-term energy security, says ywchen1
China's state refiners Sinopec, CNOOC, PetroChina and Sinochem have stayed on the sidelines in trading fresh Russian cargoes for May loadings despite steep discounts, heeding Beijing's call for caution as western sanctions mount against Russia over its invasion of Ukraine, Reuters reported on April 6 citing six sources.
Sinopec has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, Reuters reported on March 29 citing sources.Sinopec employees work on pipelines connecting a Sinopec natural gas facility and Binhai transmission station of China National Petroleum Corporation's Dagang oilfield, ahead of the winter heating season in Tianjin, China October 22, 2018. Picture taken October 22, 2018.
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