US Sold Nearly 6 Million Barrels of Oil From Reserves to China, Records Show

US Sold Nearly 6 Million Barrels of Oil From Reserves to China, Records Show
A man works in a filling station of Sinopec, China Petroleum and Chemical Corporation, in Shanghai on March 22, 2018. Johannes Eisele/AFP via Getty Images
Eva Fu
Updated:
0:00

The Biden administration has sold nearly 6 million barrels of oil from the U.S. Strategic Petroleum Reserve to an entity tied to the Chinese Communist Party, records show.

From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the U.S. trading arm of Chinese state-owned oil company Sinopec, according to a review by The Epoch Times of the DOE documents. A Chinese firm with ties to Hunter Biden had invested in the national oil giant.

Eva Fu
Eva Fu
Reporter
Eva Fu is an award-winning, New York-based journalist for The Epoch Times focusing on U.S. politics, U.S.-China relations, religious freedom, and human rights. Contact Eva at [email protected]
twitter
Related Topics