PetroChina Yunnan to receive first crude cargo loaded from China; HuangWei pipeline reverses flow

PetroChina’s Yunnan Petrochemical is set to receive an 850,000-barrel cargo of Iraq’s Basrah Light crude in early August via the China-Myanmar pipeline, the first time that a crude cargo was loaded out of China and crossed the Strait of Melaka before reaching its final destination, according to Chinaoil Qingdao and shipping trackers. The crude, which came from Sinochem-Hongrun’s storage facility…