The U.S. government unveiled new sanctions on Aug. 21 targeting China-based oil terminal operators and several foreign entities, including those from Hong Kong, over their alleged involvement in the shipment of Iranian oil.
The State Department said it sanctioned two China-based operators of crude oil and petroleum terminals and storage facilities, alleging they facilitated the import of Iranian oil carried by U.S.-sanctioned tankers.
One of the sanctioned operators was identified as Qingdao Port Haiye Dongjiakou Oil Products Co., based in Shandong Province, which the department described as “the largest entry point for Iranian oil into China by volume,” according to its statement….