China imported Iranian crude oil in July for the second month since a U.S. sanct...
Similar to June imports, it’s unclear how much of the July shipments has been sold to buyers or stored in bonded storage tanks and yet to clear customs. Some 20 million barrels of Iranian oil appeared stranded at the northeastern port of Dalian after moved into bonded tanks since late last year.
Asked if it was among buyers of Iranian oil, Sinopec declined comment. CNPC did not respond to a request for comment. In July, Washington sanctioned state-run Chinese oil trader Zhuhai Zhenrong Co for allegedly violating restrictions imposed on Iran’s oil sector.
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