China's Rongsheng buys first Canadian TMX crude oil cargo, traders say

Chinese refiner Rongsheng Petrochemical (002493.SZ), opens new tab has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline from TotalEnergies (TTEF.PA), opens new tab through a tender, several trade sources said on Monday.

The 500,000-barrel cargo of Access Western Blend (AWB) crude will be delivered to Rongsheng's refinery in Zhoushan in August, they added.

The price was not immediately available.

Separately, Rongsheng also bought 2 million barrels of Abu Dhabi Upper Zakum crude from Aramco Trading at 60 cents a barrel above July Dubai quotes before freight charges in the tender, the sources said.

The Chinese refiner also purchased 2 million barrels of West African crude consisting of Djeno and Mostarda at $2.50-$3 a barrel above July dated Brent from Unipec, they added.

The companies do not comment on commercial deals.