Unipec on booking spree for oil tankers after trade sanctions eased

Chinese oil traders Unipec, the trading arm of Asia’s top oil refiner Sinopec, have started a booking spree for oil tankers from the state-run oil company COSCO after trade sanctions on COSCO was eased by the USU.S.

The sanctions were imposed on the Chinese government-owned firm after a suspected action of moving oil from Iran after sanctions were slapped on Iran by the USU.S., it was one of the biggest unilateral sanctions imp....