Petrochina Completes Shanghai INE's First Crude Oil Futures for Physical Exchange
09.14.2020 - NEWS

September 14, 2020 [Energyworld.com] –  PetroChina Co completed the first exchange of futures for physicals (EFP) transaction for the Shanghai crude oil futures contract , the company said in a statement on Monday.

It involved 31,000 tonnes of crude oil cleared by customs for transfer via pipeline to Dalian Petrochemical storage tanks on August 28, PetroChina said.

It said this was the first EFP transaction for crude oil futures, which are traded on the Shanghai International Energy Exchange (INE).

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