Chinese energy giants tap Brazil for imports, oil field exploration

EnergyBeijing works with companies to wean itself off Middle Eastern crude Sinopec’s senior executives announce the company’s earnings on Aug. 24 in Hong Kong. (Photo by Shunsuke Tabeta)SHUNSUKE TABETASeptember 6, 2026 00:31 JSTHONG KONG -- China's three major state-owned petroleum companies are diversifying their crude oil sourcing and ramping up domestic and overseas production as part of joint efforts with the government to bolster energy security.Read NextCommoditiesChina refiner Sinopec foresees headwinds easing despite Iran uncertaintyIran warHow the US-Iran war has redrawn Asia's energy mapIran warChina's 8-year-low oil imports cushion Iran war shock to global pricesTradeJapan turns to Chinese petrochemicals amid naphtha crunchIran tensionsPetroChina plots $32bn development drive, d