Exclusive-Sinopec steps up Russian oil imports to offset Mideast supply cuts, traders and tracker say

AI Summary

China's state-owned Sinopec Corp has increased imports of Russian oil from the Far East to offset reduced supplies from the Middle East caused by the Iran conflict. This adjustment is based on information from trade sources and ship tracking data.

By Chen Aizhu, Siyi Liu and Trixie Yap SINGAPORE, Aug 6 (Reuters) - China's state-owned Sinopec Corp, the world's biggest refiner, has ramped up purchases of Far East Russian oil to compensate for Middle East supplies diminished by the Iran war, according to multiple trade sources and ship tracking data.