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U.S. Slaps More Sanctions on Iran’s Oil Industry ...Middle East
The United States has issued a fresh round of sanctions on Iran’s oil industry, targeting, once again, Chinese importers. More specifically, the Department of the Treasury added an independent Chinese refiner to its list of sanctioned entities for buying crude from Iran. “The Treasury’s Office of Foreign Assets Control (OFAC) is designating a China-based independent “teapot” refinery Shandong Shengxing Chemical Co., Ltd., for its role in purchasing more than a billion dollars’ worth of Iranian crude oil, including…
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