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Did PetroChina complete the first international crude oil trade using CBDC?

Forgot your password? An anonymous reader quotes a report from CoinDesk: Chinese oil and gas company PetroChina (0857) has completed the first international crude oil trade using the country's central bank digital currency (CBDC), the e-CNY, China Daily reported on Saturday.

Who bought 1 million barrels of crude oil?

By buying 1 million barrels of crude oil, PetroChina International Corp Ltd completed the first-ever international crude oil trade to be settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The SHPGX's announcement on Friday, however, did not disclose the exact value of the deal nor the identity of the seller.

Is China completing its first international trade on crude oil?

China has recently reported on achieving a milestone in its developments on transacting its first international trade on crude oil. In the world of financial investment, a groundbreaking development has been realized as China’s largest gas and oil company, PerthChina uses digital Yuan in its first oil payment.

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