“The Department of the Treasury isconcurrently sanctioning China-based Shandong Shouguang Luqing PetrochemicalCo., Ltd., a ‘teapot’ oil refinery, for purchasing and refining hundreds ofmillions of dollars’ worth of Iranian crude oil,” the department said, addingthat private “teapot” refineries are the primary purchasers of Iranian oil inChina.
During his presidency, Donald Trumpreinstated the maximum pressure campaign against Iran, reimposing sanctions onkey sectors and blacklisting officials, including the oil minister.
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