16 articles
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 financial regulator instructed banks to halt new loans to five U.S.-sanctioned refineries linked to Iranian oil, including Hengli Petrochemical. The move highlights growing tensions between Ch
US Trade Representative Jamieson Greer stated that President Trump will address China's Iranian oil purchases with President Xi during their upcoming summit. Washington continues to pressure Beijing,
China invoked its anti-sanctions law for the first time, ordering firms not to comply with U.S. sanctions on five oil refiners, including Hengli Petrochemical, regarding Iranian crude trades.
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
China ordered domestic firms to ignore US sanctions on private oil refiners linked to Iran, including Hengli Petrochemical. This defiance challenges US leverage and impacts global energy supply chains
China ordered domestic firms to disregard US sanctions on five refiners linked to Iranian oil trade, including Hengli Petrochemical, citing violations of international norms to mitigate penalty impact
China's Commerce Ministry issued an injunction blocking U.S. sanctions on five Chinese refiners accused of purchasing Iranian oil. The move prevents compliance with U.S. Treasury measures targeting ma
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
The US Treasury warned financial institutions against facilitating transactions with Chinese refiners importing Iranian oil, citing secondary sanction risks. The move impacts private processors in Sha
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
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