- Two Prisoners Executed For Espionage in Tehran
- Imprisoned Dervish Transferred to Hospital after Heart Attack
- Seven prisoners Were Hanged In Northern Iran
- Three Prisoners Were Hanged In Central Iran
- Dervish Issued Harsh Sentence to Intimidate Others
- 2 Christians are arrested in Tehran
- CIA head visits Israel to discuss Syria, Iran's nuclear program
- US targets Iran rial, gold imports in sanctions pressure
- Israel air strike on Syria 'is a message to Iran and the US'
- Israel Will Strike Iran 's Subterranean Nuclear Sites
- Iran, not Israel, faces an existential threat, says top US analyst
- Oil-rich Emirates a key part of defense against Iran
- Religious leaders ban 30 women from running for Iran's presidency
- Iranian cleric: Women can't be president in Iran
- Iranians marrying foreigners without state consent face prosecution
- More women smuggling drugs out of Iran
- Canada’s High Court could try Iran for Zahra Kazemi murder
- "Hole"/ Saba Vasefi
- When it comes to Syria and Hezbollah, Israel is walking a tightrope
- IRGC: World now eying Iranian regime's resistance
- Two Iranians in Kenya found guilty of bomb plots
- Iran develops rocket-launcher submarine, smart ships
- Iran to unveil indigenous ballistic, cruise missiles
- Why Iran Is Trying to Save the Syrian Regime
Friday 04 May 2012
By Yee Kai Pin
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. Two phone calls to Zhuhai Zhenrong’s office in Beijing weren’t answered. Provisional fixtures are subject to changes or cancellation.
China is the largest importer of Iran’s oil, buying 22 percent of the nation’s crude exports in the first half of 2011, according to the latest available data from the U.S. Energy Department. Iran faces a European Union embargo on the transportation, purchase, financing and insurance of its oil starting July 1 because of its nuclear program.
Zhuhai Zhenrong was one of three companies sanctioned on Jan. 12 by the State Department for selling gasoline to Iran. It was barred from receiving U.S. export licenses or loans of more than $10 million from U.S. financial institutions.