Sellers cancel deals with Chinese oil refiner Yulong after UK sanctions, sources say

Several suppliers have cancelled sales of Middle Eastern and Canadian oil to China's Yulong Petrochemical after the UK imposed sanctions on the refiner, which is likely to push it to buy more Russian crude, multiple sources familiar with the deals said. (AP/File)
Short Url
Updated 23 October 2025
Follow

Sellers cancel deals with Chinese oil refiner Yulong after UK sanctions, sources say

  • Most of the cancelations apply to spot cargoes that were due to load after November 13, when the sanctions take effect
  • The decision to cancel the contracts partly stems from concerns about the ability to make payments

SINGAPORE: Several suppliers have canceled sales of Middle Eastern and Canadian oil to China’s Yulong Petrochemical after the UK imposed sanctions on the refiner, which is likely to push it to buy more Russian crude, multiple sources familiar with the deals said.
The refiner, China’s newest with a capacity of 400,000 barrels per day and one of the country’s largest single Russian oil customers, is among the entities Britain designated last week to curb Moscow’s oil revenues used to fund the Ukraine war.
Suppliers that are unwinding supply deals include European majors TotalEnergies, BP, trading house Trafigura, Chinese state trader PetroChina International and others, the sources said.
Most of the cancelations apply to spot cargoes that were due to load after November 13, when the sanctions take effect.
PetroChina International and TotalEnergies each exited transactions supplying Access Western Blend, a heavy crude exported from Canada, said two other sources, who have knowledge of those transactions.
BP declined to comment. Total, PetroChina and Yulong did not respond to requests for comment.
Trafigura had been supplying Yulong with 2 million barrels a month of Omani and Abu Dhabi Upper Zakum crude under an annual contract, said sources with knowledge of the company’s transactions with Yulong.

PIVOT TO RUSSIAN OIL
The decision to cancel the contracts partly stems from concerns about the ability to make payments as large western banks will avoid working with sanctioned entities, the sources said.
With dwindling access to non-sanctioned crude supplies, Yulong will most likely buy more Russian oil, which already accounts for about half of its intake.
“We are already hearing Yulong is moving toward running predominantly sanctioned barrels, which, similar to the sanctions impact on Nayara, may necessitate run cuts,” said Sun Jianan, an analyst with consultancy Energy Aspects.
India’s Nayara Energy, partially owned by Russian major Rosneft, has reduced its refinery runs after European Union sanctions were imposed in July.
While larger companies step away from Yulong, smaller companies without UK connections could continue dealings, said an executive whose company continues supplying Yulong and declined to be named due to the sensitivity of the matter.
Yulong buys 150,000 to 250,000 barrels per day of Russian crude, according to estimates by traders and tanker tracker Vortexa.
Most of Yulong’s Russian imports are ESPO Blend from the country’s Pacific coast that Chinese refineries favor because of the short transit period for the shipments. Recently, Yulong has also imported Urals crude from Russia’s European ports, said three traders familiar with Yulong’s procurement patterns.
It secures most of its Russian supply from dealers linked to major Russian producers, said two of those sources.
Built on a man-made island near the port of Yantai in the northeastern province of Shandong, Yulong Petrochemical is a joint venture between private aluminum firm Nanshan Group and government-backed Shandong Energy Group.


145 years on, Bangladesh’s Gen Z honors Begum Rokeya, author of first feminist utopia

Updated 7 sec ago
Follow

145 years on, Bangladesh’s Gen Z honors Begum Rokeya, author of first feminist utopia

  • Begum Rokeya was one of the earliest voices for women’s rights and education in South Asia
  • Her Sakhawat Memorial Girls’ School was one of the first schools for Muslim girls in Bengal

DHAKA: Bangladeshis marked Rokeya Day on Tuesday, remembering a 19th-century pioneer of women’s liberation and education in the Indian subcontinent and author of one of the world’s first feminist science-fiction utopias.

Begum Rokeya, also known as Begum Rokeya Sakhawat Hossain, was a writer and social reformer born on Dec. 9, 1880 in colonial India, in the Rangpur district of present-day Bangladesh.

Widely regarded as one of the earliest voices for women’s rights in South Asia, she is best known for her work promoting education.

“She went door to door to convince the guardians to send their girls to school. Nowadays, it seems very easy, but in the early 20th century, it was something beyond imagination,” said Afsana Rahman, a 21-year-old student at BRAC University.

She started reading Rokeya’s works at the age of 12, when the school authorities honored her as the best student with a set of books that included “Sultana’s Dream” — one of the world’s earliest works of feminist science fiction.

Rokeya wrote “Sultana’s Dream” in English in 1905, setting the story in Ladyland, a country ruled entirely by women.

In Ladyland, women managed administration, science, and education, while men lived in seclusion, reversing the traditional system. The country was peaceful, free of crime, and developed. Powered by solar energy, it used science for social development and innovation, rather than violence or warfare.

“I was amazed by her thoughts — how a woman could imagine a women-led society more than 100 years ago, when women were not allowed to go outside their homes,” Rahman told Arab News.

“Actually, her thoughts were far ahead of her time. Since then, Begum Rokeya has become my source of inspiration and has taught me to think beyond stereotypical ideas.”

Rokeya received no formal schooling and learned Bengali and English privately at home. She advocated that women could thrive when given freedom and education, which are essential not only for their personal growth but also for the progress of society as a whole.

Her main supporter was her husband, Khan Bahadur Sakhawat Hossain, whose role, too, is seen as part of Rokeya’s legacy, as her personal life “demonstrates that men can break the cycle of patriarchal oppression and work as equal partners in the struggle for women’s rights,” said Nayma Jannat, a 23-year-old who studies international relations at Dhaka University.

“Her legacy represents courage, vision and the hope for a more equal society … Rokeya’s works and thoughts remain relevant even after nearly 150 years because the fundamental structures she critiqued continue to shape our society today.”

In 1911, Rokeya founded the Sakhawat Memorial Girls’ School in Calcutta — one of the first schools founded specifically by and for Muslim girls in Bengal. Later moved to Dhaka, the school remains influential and is still active today.

By establishing schools, Rokeya “established women’s education as a center of real liberation,” and by challenging the patriarchal society and its cultural norms, strengthened the foundation for women’s self-identity, paving the way for “decolonized feminism,” said Rawank Jahan Rakamoni, 25, who is graduating in information science.

“Rokeya did not see women’s liberation as a personal outrage. She envisioned it as a structural social transformation … This integrated approach has established her as a pioneer of women’s liberation in the subcontinent.”

Bangladesh celebrates Rokeya on her birthday every Dec. 9. Her legacy remains influential among the younger generation of both men and women.

For Ashraful Alam Khan, 24-year-old anthropology student from Dhaka University, while Rokeya “inspired generations,” the work she started is still incomplete.

“Women in Bangladesh or South Asia in general are still deprived of many rights … I think that’s the main idea why she is still relevant because we still somehow face the same difficult realities,” he said.

Prokriti Shyamolima, who lives at Begum Rokeya Hall — one of the largest and most prominent women’s dormitories at Dhaka University — wants to see herself and other female students as Rokeya’s successors.

“Today, our women are working in every sphere, and women are delivering simultaneously at home and outside. Where did the women get this courage? It began with the initiatives of Begum Rokeya,” she said.

“The legacy of Begum Rokeya will continue as long as we survive.”