China To Offload 2 Million Barrels of Iranian Crude Despite Sanctions

After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of Iranian oil, Reuters reports, citing Vortexa Analytics tanker tracking data. The cargo, set to unload in south China later this week for pumping into the government’s reserves, is the third large cargo to come from Iran since December.   The cargo is reportedly on board a tanker owned by the National Iranian Tanker Company, which indicates it will be officially recorded as a Chinese purchase…