Industrialized Cyclist Notepad


Iran-China oil trade under way

But…but…

Zhuhai Zhenrong Co., the Chinese company censured by the U.S. in January for trading with Iran, provisionally hired an oil tanker to carry fuel oil from the Persian Gulf nation, shipping data showed.

Tianbao, a unit of state-owned Zhuhai Zhenrong, chartered the Khorfakkan to load 80,000 metric tons on May 15 from the Iranian port of Bandar Mahshahr, according to three shipbrokers including Poten & Partners Inc. in New York. The Liberia-flagged vessel is under way in the Persian Gulf, transmissions captured by IHS Inc. (IHS) on Bloomberg show.

Fuel oil is a residual product of refining used for power generation and as shipping fuel. […]

via Bloomberg: http://www.bloomberg.com/news/2012-05-04/china-s-zhuhai-zhenrong-books-may-fuel-oil-shipment-from-iran.html