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Zhenhua Oil Company

Zhenhua Oil Company

Industry: 
Energy
Country: 
China
Contact Information: 
Sources: 

The Wall Street Journal named Zhenhua as a company that sold oil to Iran in 2009. (The Wall Street Journal, "Black-Market Gasoline Shelters Iran," 6/17/2010)

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According to an article in The Oil Daily, sources say that "Chinese firms--reportedly including China Natural Petroleum Corp (CNPC) and Zhenhua Oil, a subsidiary of state industrial giant Norinco--this month (September 2009) started supplying Iran with gasoline for the first time." (The Oil Daily, "Chinese Gasoline Sales Set to Complicate Iran Sanctions Push," 9/24/2009)

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Oil groups such as Total of France, Lukoil of Russia, Petronas of Malaysia and Royal Dutch Shell also sold petrol to Iran last year. Chinese oil traders, including the secretive ZhenHua Oil, began supplying fuel to Iran last year and now provide up to a third of its imports. (The Financial Times, Oil Traders End Petrol Supplies to Iran as US Pressure Pays Off, 3/8/2010) 

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“Iran’s longtime suppliers of gasoline from Europe are being succeeded by smaller Dubai-based and Chinese companies,” it said, adding that China’s ZhenHua Oil, which began selling gasoline to Iran in 2009, reportedly now provides Iran with one-third of its gasoline imports." (Livemint, RIL and others stop gasoline sale to Iran but China replaces them, 4/29/2010)

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"Iran's remaining gasoline suppliers include the Dutch multinational Shell; the French energy company Total; Russia's LUKOIL; the state-owned Malaysian energy company Petronas; Kuwait's Independent Petroleum Group; and three Chinese companies: China's state-run Zhuhai Zhenrong Corp., ZhenHua Oil, and CNPC." (FDD, Press Release, 3/8/2010) 

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