Arab Today, arab today china oil firm sanctioned by us denies sales to iran
Last Updated : GMT 23:49:03
Arab Today, arab today
Arab Today, arab today

China oil firm sanctioned by US denies sales to Iran

Arab Today, arab today

Arab Today, arab today China oil firm sanctioned by US denies sales to Iran

Beijing - AFP

A Chinese oil firm which the United States placed sanctions on saying it was the largest seller of refined petroleum products to Iran has denied the claim as "fiction", state-run media said Saturday. Washington on Thursday said Chinese state-run Zhuhai Zhenrong Co. brokered delivery of more than $500 million in gasoline to Iran from July 2010-January 2011 and put in place sanctions barring it from doing business in the US. The sanctions came a day after US Treasury Secretary Timothy Geithner met Chinese leaders on how to raise pressure on Tehran to halt its alleged nuclear weapons program. "The accusations that we export refined oil to Iran is complete fiction. We have never done that. The sanctions are truly puzzling," a spokesperson for Zhuhai Zhenrong was quoted as saying in The Global Times newspaper. Calls to the Beijing-based company went unanswered on Saturday. The sanctions, also placed on companies from Singapore and the United Arab Emirates, bar the three firms from receiving US export licenses, trade support from the US Export Import Bank, and loans over $10 million from US financial institutions. Zhuhai Zhenrong's website said the company, founded in 1994, had imported a total of 150 million tonnes of crude oil by the end of 2010 and has a long-term contract to import fuel oil from the National Iranian Oil Company. "The sanctions don't make any difference to our company's business because we have never had any business cooperation with any United States companies," spokesperson Zheng Mei told China's Legal Mirror newspaper on Friday. China, long an important customer for Iranian oil exports, has resisted adding any strong support to US and European efforts to tighten pressure on Tehran to halt its nuclear program. Vice foreign minister Cui Tiankai warned this week against making any links between China's trade relations with Iran and pressure on Tehran's nuclear program.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china oil firm sanctioned by us denies sales to iran Arab Today, arab today china oil firm sanctioned by us denies sales to iran

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china oil firm sanctioned by us denies sales to iran Arab Today, arab today china oil firm sanctioned by us denies sales to iran

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 10:24 2017 Thursday ,22 June

Crude headed for weakest first half in two decades

GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday