Report: China-based Hengli Group is main importer of sanctioned Iranian crude oil

New reports indicate that the China-based Hengli Group plays a primary role in the importation of crude oil from Iran. The company is one of the largest entities within a network of so-called "teapot" refineries in China that purchase oil currently under international sanctions. This information, cited by officials in the Wall Street Journal, highlights the continued flow of Iranian oil exports despite ongoing sanctions pressure. Independent Chinese refineries, known as "teapots," purchase a significant portion of Iran's crude oil. The report emphasizes that the group's activities are part of a broader network designed to circumvent oil sanctions imposed on the Islamic Republic.