Hengli Petrochemical Falls 10% After US Sanctions Over Iran Oil
Shares in China’s Hengli Petrochemical fell 10% after the US imposed sanctions on one of its subsidiaries over alleged purchases of Iranian oil. Washington said Hengli’s Dalian refinery bought billions of dollars’ worth of Iranian crude, a claim the company denied.
China’s Foreign Ministry said it strongly opposes US sanctions on Chinese oil refineries. The move against one of China’s largest private refiners adds to pressure on an already embattled petrochemicals sector, with broader effects likely beyond oil.
From the sources (6 posts)
@iranintl_enShares in China's Hengli Petrochemical fell 10% after the US imposed sanctions on one of its subsidiaries over alleged purchases of Iranian oil. Washington says Hengli’s Dalian refinery bought billions of dollars’ worth of Iranian crude. H
@businessA US move to sanction one of China’s largest private refiners over ties to Iran will hurt a vast and already embattled petrochemicals sector — but the collateral damage will extend far beyond oil
@reutersHengli Petrochemical dives after US imposes Iran oil sanctions
@firstsquawkChinese Foreign Ministry: We strongly oppose U.S. sanctions on Chinese oil refineries
@bulltheoryioBREAKING: China’s largest private refiner, Hengli Petrochemical, fell 10% after the U.S. imposed sanctions over alleged purchases of Iranian oil. The U.S. Treasury said the company is “one of Iran’s largest customers” for crude and petrole
@iranintl_enShares of China's Hengli Petrochemical fell 10% on Monday after the United States imposed sanctions on the Chinese refiner last week over alleged purchases of Iranian oil, Reuters reported. Hengli, one of China’s largest independent refine