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Reuters: EXCLUSIVE China’s CCPC takes centre stage in Iran, Venezuela oil trade-sources

Thu July, 2021, Age: 2 years

Although it was blacklisted by Washington two years ago for handling Iranian crude, the China Concord Petroleum Co, also known as CCPC, has merged as a central player in the supply of sanctioned oil from Iran and Venezuela. The Hong Kong-registered firm has quickly become an important partner for Caracas and has acquired at least 14 tankers to transport oil from Iran or Venezuela to China in the past year.

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