China lets state oil firms tap commercial reserves as Iran war drags on, Bloomberg News reports

Reuters04-10

April 9 (Reuters) - The Chinese government has given state refiners the green light to tap commercial oil reserves as the Iran war drags on, Bloomberg News reported on Thursday, citing people familiar with the matter.

Refiners including Sinopec 600028.SS and China National Petroleum will be able to tap commercial inventories held at processing plants or in storage facilities, the report added.

Reuters could not immediately verify the report.

(Reporting by Anusha Shah in Bengaluru; Editing by Christian Schmollinger)

((AnushaDevang.Shah@thomsonreuters.com;))

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