Chinas Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and improve its chances of being removed from a U

Chinas Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and…

Sanctioned Chinese refiner Hengli Petrochemical is seeking crude from West Africa and the Middle East after the U.S. blacklisted it over alleged Iranian oil purchases.

Hengli Petrochemical secures West African crude after US OFAC sanctions over Iranian oil purchases, with implications for global oil markets and crypto.