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May 5th, 2012 
FAKE NEWS for the Zionist agenda Tianbao, a unit of the Beijing-based company, has chartered the Khorfakkan vessel to load 80,000 metric tons of the merchandise from the Iranian port of Bandar Mahshahr on May 15, Bloomberg reported. The Liberia-flagged tanker is now in the Persian Gulf.
The United States said on January 14 that it had imposed economic sanctions on Zhuhai Zhenrong Co., saying it was the largest supplier of refined petroleum products to Iran.
The move came after Washington’s efforts at lobbying Beijing to cut oil imports from Tehran proved fruitless.
Zhuhai Zhenrong Co. said on January 15 that the sanction was “groundless”.
“The accusation that we export refined oil to Iran is complete fiction. We have never done that. The sanctions are truly puzzling,” Zheng Mei, a spokesperson from the company, was quoted by the Legal Mirror newspaper as saying.
The US and EU imposed tough financial and oil sanctions against Iran in the beginning of 2012 in a bid to pile up pressure on Tehran over its nuclear energy program.
On March 10, the US announced that 11 countries, including 10 European states and Japan, would be exempted from the financial sanctions due to their crude imports cut from Iran.
The US unilateral sanctions, slated to take full effect on June 28, seek to penalize other countries for importing Iranian crude.
The US, Israel and some of their allies have accused Tehran of pursuing military objectives in its nuclear energy program.
Iran has repeatedly rejected such allegations, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
MP/HJL/AZ
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