China Petroleum & Chemical Corp (Sinopec) has signed its first overseas term supply deals for ship fuel.
The oil giant said it provided 6,300 tonnes of bunkers to an unnamed Chinese ship at a Panamanian port. This has been followed up by another for 3,000 tonnes to Nanjing Tanker's 297,000-dwt VLCC Yangtze Splendor (built 2010) in Fujairah.
Sinopec used BP’s distribution network.
It
