GATE86The China Gateway
U.S. Sanctions Hit Hengli Petrochemical's Core Refining Subsidiary Over Iran Oil
IndustryEnergy & Cleantech02 MAY 2026Source: Caixin Chinese

U.S. Sanctions Hit Hengli Petrochemical's Core Refining Subsidiary Over Iran Oil

Washington has placed Hengli Refining and Chemical Co., Ltd. (Dalian), the core wholly-owned subsidiary of A-share listed Hengli Petrochemical (600346.SH), on the U.S.

Subscriber Content

Subscribe to read the full analysis

From $9/month · 7-day free trial

Already a subscriber? Log in

Related
Tencent moves to acquire Manus stake as Meta exits at no premium

Tencent moves to acquire Manus stake as Meta exits at no premium

Tencent is leading a Chinese consortium buyback of Meta's stake in AI agent company Manus at a valuation of approximately $2 billion — the same price Meta paid in Q1 2026.

Chinese quantum computing companies consolidate capital around distinct technical routes

Chinese quantum computing companies consolidate capital around distinct technical routes

China's quantum computing sector is concentrating investment around three competing technical pathways — superconducting, neutral atom, and photonic — though no company-to-pathway mapping has been confirmed for the five named actors collectively.

Shenzhen's smart hardware ecosystem faces deep competitive reshuffling

Shenzhen's smart hardware ecosystem faces deep competitive reshuffling

DJI's Pocket 4P sold out within seconds of its June 23 launch, while Insta360's Luna faces months of backlog — a 'sweet problem' for leading brands, and demand that would have been unimaginable three years ago.

Read more from Industry

Subscribe for full access to all articles

Start Free Trial