EXCLUSIVE Chinas CCPC takes centre stage in Iran, Venezuela oil trade-sources

Updated: July 22nd, 2021 10:05 PM IST

#Iran-#China #oil trade is insulated by design, I mentioned on Monday. No exposure = no leverage. #OOTT

EXCLUSIVE Chinas CCPC takes centre stage in Iran, Venezuela oil trade-sources Photo

By Jonathan Saul, Chen Aizhu and Marianna Parraga LONDON/SINGAPORE/MEXICO CITY (Reuters) – A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude, seven sources with knowledge of the deals told Reuters. The more prominent role of China Concord Petroleum Co, also known as CCPC, and its expansion into trading with Venezuela, have not previously been reported and highlight the limitations of Washington’s system of restrictions, analysts say. The details o…

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