In a historical first, PetroChina – a Chinese-state-owned oil and gas company – has officially completed its first international crude oil trade using the digital yuan (e-CNY).
The Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced the transaction on Friday, confirming that PetroChina has bought 1 million barrels of oil. The identity of the seller and the exact yuan-based value of the deal were not disclosed, according to China Daily….
Read More: Chinese Energy Giant PetroChina Sets New Precedent with e-CNY Crude Oil Deal