AlwaysFree: ChemChina Likely Bought Gazprom Neft’s First Arctic Oil Cargo

On Thursday, two sources familiar with the deal informed that ChemChina has bought Russia’s Gazprom Neft’s first-ever Arctic oil cargo to China.

Previously, Gazprom Neft stated that it had shipped 114,000 t on light Novy Port oil grade to the Chinese port of Yantai from Russia using the Northern Sea Route (NSR) through Russia’s Arctic waters.

The delivery would take 47 days, said Gazprom Neft. However, it did not reveal the buyer’s name.

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