US-Sanctioned Chinese Refiner Hengli Restructures Singapore Unit
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US-Sanctioned Chinese Refiner Hengli Restructures Singapore Unit

April 28, 2026
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Posted 5 hours ago by

China’s Hengli Group Co. has changed the ownership structure of its Singapore-based oil trading arm after the US sanctioned its refining unit, according to people with knowledge of the matter.

US-Sanctioned Chinese Refiner Hengli Restructures Singapore Unit
Bloomberg
Bloomberg

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