State major PetroChina 0857.HK and private refiner Hengli Petrochemical won four cargoes totalling about 4.43 million barrels, or 60% of the total oil offered in China’s first state reserves auction, industry sources said. Completed in less than an hour, PetroChina’s Dalian refinery took one cargo each of Qatar Marine and U.K. Forties crude at $65 …
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Author: Capt....