The terminal, within the metropolis of Lanshan in Shandong province, a significant Chinese language oil refining hub, was sanctioned for receiving Iranian oil on board sanctioned vessels, the US stated.
One-fifth of Sinopec’s crude oil imports cross by the Rizhao terminal, in response to trade executives and analysts.
(Reporting by Florence Tan and Trixie Yap; Further reporting by Chen Aizhu; Enhancing by Christian Schmollinger and Jan Harvey)
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