Independent refiners in China boosted imports of oil from Iran between August and October, attracted by the cheaper Iranian crude despite the risk of running afoul of U.S. sanctions, Reuters reported on Wednesday, citing tanker-tracking data and traders. Officially, Iran's oil is under U.S. sanctions, and few buyers are willing to risk breaching those for fear of being sanctioned for dealing with Tehran themselves.
Independent Chinese refiners, however, have never really stopped buying Iranian crude, although China's state giants are steering clear…China Boosts Imports Of ''Cheap'' Iranian Crude
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