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CNPC Unit Signs Green Finance Deal: China Daily

Petroineos Trading, an integrated refining and energy trading company, said it completed the deal with Standard Chartered

Numerous buyers have shunned Russian oil since the invasion, sparking fears of a disruption of millions of barrels of daily crude supply.


A joint venture by China National Petroleum Corporation (CNPC) has finalised a green trade finance round with a British lender, the first of its kind in Europe, China Daily reported.

Petroineos Trading, an integrated refining and energy trading company co-owned by CNPC, said it completed the green and sustainable development trade financing round with Standard Chartered, the London-based bank.

Read the full report: China Daily.





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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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