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U.S. Sanctions Chinese Oil Co.

Publish Date : 2019/07/23 - 05:01

U.S. Sanctions Chinese Oil Co.

US Secretary of State Mike Pompeo said in his speech that the US sanctioned Chinese state-run energy company Zhuhai Zhenrong Co Ltd for allegedly violating restrictions imposed on Iran’s oil sector.

Pompeo said: “We’ve said that we will sanction any sanctionable behavior, and we mean it.”

Zhuhai Zhenrong “knowingly engaged in a significant transaction for the purchase or acquisition of crude oil from Iran” after the expiration of a US sanctions waiver covering China on May 2, Pompeo added.

Pompeo: US does not want war with Iran.

Source: Reuters