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All tagged CNPC
The contents of an email shared with Bourse & Bazaar by an official at Iran’s communications ministry suggest that China’s Bank of Kunlun is weighing whether to cease processing Iran-related payments. There is growing concern in Tehran that China may be planning to downgrade its trade relationship with Iran.
◢ According to analysis provided by TankerTrackers.com, a tanker owned by the National Iranian Tanker Company (NITC) has delivered oil to the Jinxi Refining and Chemical Complex in China, marking the first confirmed delivery of Iranian crude purchased after the Trump administration’s revocation of waivers permitting the sale of Iranian oil on May 2.
◢ On the same day that Iranian foreign minister Javad Zarif traveled to Beijing for talks on "regional and international issues,” the Chinese oil tanker PACIFIC BRAVO began to head east, having loaded approximately 2 million barrels of Iranian oil from the Soroosh and Kharg terminals in the Persian Gulf over the past few days, according to analysis provided by TankerTrackers.com.
