Petron Corp. received a shipment of Russian crude after the US issued a waiver permitting the purchase, CEO said. The move may modestly ease Petron's feedstock sourcing and affect regional crude flows, but no volume, price or contract terms were disclosed; regulatory, reputational and sanction-compliance risks remain the primary considerations.
Petron Corp. received a shipment of Russian crude after the US issued a waiver permitting the purchase, CEO said. The move may modestly ease Petron's feedstock sourcing and affect regional crude flows, but no volume, price or contract terms were disclosed; regulatory, reputational and sanction-compliance risks remain the primary considerations.
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