US sanctions China-based oil teapot refinery and 40 shippers

25 April, 2026
Source: iranoilgas.com

The Trump administration said on Friday it had imposed ‌sanctions on an independent "teapot" refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.

The Treasury Department targeted Hengli Petrochemical (Dalian) Refinery, which it said is one of Iran's largest customers of crude oil ​and petroleum products. The department's Office of Foreign Assets Control said it also imposed sanctions on about 40 ​shipping companies and vessels that operate as part of Iran's shadow fleet.

China has said it opposes "illegal" unilateral ⁠sanctions.

On Friday, its embassy in Washington said normal trade should not be harmed and called on Washington to stop "abusing" sanctions ​to target Chinese companies.

"We call on the U.S. to stop politicizing trade and sci-tech issues and using them as a weapon and ​a tool and stop abusing various kinds of sanction to hit Chinese companies," a spokesperson for the Chinese embassy said in a statement.

Further information is available at:

https://home.treasury.gov/news/press-releases/sb0472

The full version of website content is available only to IranOilGas Network members.
Register & Request a Trial Now!

About IranOilGas Network

Established by highly experienced oil & gas professionals in 2000, IranOilGas Network is the leading independent Iranian oil, gas & petrochemical information network providing a variety of consultancy & information services.

Sign-in to IranOilGas Network