3 resultsfor “Hengli Petrochemical Iranian oil purchases”
Hengli is “one of Tehran’s most valued customers” and has generated hundreds of millions of dollars in revenue for the Iranian military through crude oil purchases, the Treasury added. It also imposed new sanctions
Petrochemical and Shandong Shengxing Chemical. Announcing the sanctions on April 24, the US Treasury Department called Hengli “one of Tehran’s most valued customers”, saying it had generated hundreds of millions of dollars in revenue
Iranian oil, deploying a law intended to counteract “extra-territorial” punitive measures for the first time. China’s Ministry of Commerce issued the [“prohibition order”](/economy/2026/5/3/china-blocks-us-sanctions-against-five-teapot-refineries) after the US Department of the Treasury last month