US Sanctions Hengli Petrochemical for Alleged Iranian Oil Purchases

Hengli Group, a major Chinese private oil refiner and Fortune Global 500 company, has been sanctioned by the US over allegations of purchasing Iranian oil. The sanctions target its petrochemical arm in Dalian with a daily refining capacity of 400,000 barrels.

By By Colleen Howe and Chen Aizhu Fri, May 22, 2026 at 6:03 AM GMT+3 5 min read · Yahoo Finance · May 22, 2026, 03:03 UTC

US Sanctions Hengli Petrochemical for Alleged Iranian Oil Purchases

Topics: geopolitics petrochemicals U.S.-China relations

Read the full article at Yahoo Finance

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