Iranian oil shipments to Asia have stalled amid US blockade actions, pushing prices to multi-year highs before new isolation measures are announced. Sanctions on private refiners like Hengli Petrochem
Hengli Petrochemical cancelled roughly 6 million barrels of crude oil deals amid U.S. sanctions pressure, reducing its refinery operating rate to 50% as inventory levels drop.
Sanctioned Chinese refiner Hengli Petrochemical is sourcing West African and Middle Eastern crude to replace Iranian supplies and seek removal from U.S. sanctions lists. Reduced inventories have force
Iranian crude oil is offered to Chinese independent refiners at steep discounts amid softening demand and margin pressures, while US sanctions target key players like Hengli Petrochemical alongside re
US sanctions target Hengli Petrochemical for purchasing Iranian oil, disrupting trading operations and benzene agreements with Wanhua Chemical. The major refiner continues domestic operations via yuan
Hengli Petrochemical's Singapore unit dismissed staff after US sanctions targeted its parent refinery over alleged Iran oil trade links. Ownership transferred to a state-linked firm as Washington inte
China's Ministry of Commerce ordered five refiners, including Hengli Petrochemical, to disregard US sanctions on Iranian crude imports. This marks the first use of a 2021 blocking measure to safeguard
The U.S. Treasury sanctioned China's Hengli Petrochemical over alleged Iranian oil purchases, escalating Washington's effort to curb Tehran's revenue. Shares fell 10% as the firm denied allegations an
Hengli Group restructured its Singapore trading arm ownership after US sanctions targeted its Dalian refinery over Iran oil links, transferring majority stake to a government-linked trader to avoid as
Hengli Petrochemical denied trading with Iran after US sanctions targeted a subsidiary, stating all crude suppliers comply with regulations. The company maintains sufficient inventories and challenges
Hengyi Petrochemical launched its Brunei Refining Phase II project, aiming for completion by late 2028 with a 12 million ton annual capacity. Production will include PX and polypropylene, bringing tot
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