Washington's sanctions against Shandong Shouguang Luqing Petrochemical in March and Shandong Shengxing Chemical in April have also begun to deter other, larger independent Chinese refiners from ...

Designating the refiner, Shandong Shouguang Luqing Petrochemical Co., is the first real proof that “maximum pressure” sanctions are on their way back. That’s because the Iranian oil-export ...

The sanctions were imposed on the Chinese Shandong Shouguang Luqing Petrochemical oil refinery, which purchased Iranian oil in violation of international restrictions. Notably, this is the first ...

The Treasury Department announced that it had sanctioned Shandong Shouguang Luqing Petrochemical Co., Ltd., a private refiner in China's Shandong province, for purchasing approximately $500 ...

The refinery the Treasury targeted for sanctions is China-based Shandong Shouguang Luqing Petrochemical Co., Ltd. "So-called 'teapot' refinery purchases of Iranian oil provide the primary economic ...

This round targeted eight additional tankers which had carried Iranian crude, but what was new was the targeting of Shandong Shouguang Luqing Petrochemical Company, one of a group of independent ...

Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the ...

In March sanctions were imposed on Shandong Shouguang Luqing Petrochemical Co., which the department said had bought around $500 million of Iranian oil. In a separate release, the State Department ...

The department said the Shandong Shouguang Luqing Petrochemical Co., a so-called teapot refinery in China’s Shandong province, has bought Iranian oil worth about $500 million, including from ...

The Treasury Department said it sanctioned China-based Shandong Shouguang Luqing Petrochemical Co. Ltd. and its legal representative and chief executive officer, Wang Xueqing, for purchasing and ...