Hengli Petrochemical Denies Iran Oil Trade Amid U.S. Sanctions on Subsidiary
Hengli Petrochemical, a major Chinese independent refiner, has denied any business dealings with Iran following U.S. sanctions on one of its subsidiaries, which were imposed due to alleged purchases of Iranian crude. The situation could impact global oil trade dynamics and investor confidence in companies exposed to U.S. sanctions.
Topics: crude oil trade Hengli Petrochemical Iran sanctions U.S. sanctions