China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say

How China secretly funds Tehran - and the US plan to crack down on sanctions evasion

Trump administration sets its sights on secret Chinese oil trade which has funneled tens of billions of dollars to Iran, in defiance of American sanctions. By David Rosenberg, World Israel News A massive refinery complex on an island off China’s northeast coast has emerged as a symbol of the largely hidden oil trade that has provided Iran with tens of billions of dollars despite years of US sanctions — and is now becoming a central target in Was…

China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say

Hengli is one of the largest companies in a network of "teapot" refineries in China that purchase sanctioned oil, according to the officials cited by WSJ.

This sprawling Chinese refinery is bankrolling Tehran

Hengli is accused by the U.S. of being a major importer of illicit Iranian crude; the Chinese petrochemical company denies trading with Iran.

Hengli Group named main importer of sanctioned Iranian crude oil

The designation of Hengli Group highlights the challenges of enforcing sanctions and may disrupt global oil markets and financial systems. The post Hengli Group named main importer of sanctioned Iranian crude oil appeared first on Crypto Briefing .