Report: Chinese Company 'a Central Player' in Shipping Iranian, Venezuelan Oil
ATTA KENARE/AFP/Getty Images 22 Jul 2021 Hong Kong-registered China Concord Petroleum Company (CCPC) has become “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,” according to a Reuters report Thursday. CCPC was sanctioned by the U.S. Treasury Department in September 2019 for shipping banned Iranian oil. The major sanctions target at that time was Chinese shipping giant Cosco, which controlled up to 50 supertankers that could be affected by the Treasury blacklist. According to Re...