Sinochem And ChemChina Sign Deals To Buy Oil, Chemicals

Bloomberg News 11-06

(Bloomberg) -- The two companies signed deals with about 30 partners to buy crude oil, chemicals, ores and natural rubber, according to a ChemChina statement on Weds.

* Deals include Sinochem’s annual crude purchase agreement with Saudi Aramco, and an MOU for a crude purchase deal with Kuwait Petroleum Corp.

* Also include ChemChina’s 2020 crude supply framework deals with Mercuria Energy Trading and Paramount Energy

* Deals announced at signing ceremony at CIIE in Shanghai