EnergyWatch

China uses Iranian tankers to avoid US sanctions

According to Reuters, Chinese oil traders started to transfer their cargo to ships owned by Iranian tanker carrier NITC. This is done to ensure the flow of oil in spite of US sanctions.

Photo: Bloomberg

Chinese oil traders appear to still have interest in buying oil from Iran in spite of US sanctions against the country, reports Reuters.

According to the media bureau, state-owned oil traders Zhuhai Zhenrong Corp and Sinpec Group have both activated a clause from deals with Nation Iranian Oil Corp. (NIOC), which enables them to operate NIOC-owned tankers, say several sources to Reuters.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs