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Asia Pacific Tankers and Gas Political Risk and Trade

Beijing accuses US of ‘wrongdoing’ over sanctions on Chinese oil trader

China says the US sanctions on Zhuhai Zhenrong for trading with Iran is ‘illegal’. Lloyd’s List data shows restricted trade has forced Iran and its main customer, China, to deploy a fleet of older tankers and employ strategies to disguise the origin, cargo and destination of any crude or condensate that sails from Iran

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An estimated 650,000 bpd shipped from Iran last month, analysts estimate with the ‘official’ figure seen much lower than that

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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