Energy

Unipec not buying more crude to replace Libyan supply

(Agencies)
Updated: 2011-02-28 17:00

Unipec, the trading arm of top Asian refiner Sinopec, has so far declined Saudi Aramco's offer of more Saudi crude oil to replace Libyan crude supplies, Reuters reported citing trading sources Monday.

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The Chinese company is not buying any more crude oil to replace Libyan supplies, they said.

Sinopec faces no shortage of crude overall, and the company has the ability to adjust crudes among refineries, report said quoting sources as saying.