China Strongly Opposes US Sanctions on Oil Company

By: AP
By: AP

BEIJING (AP) -- China has expressed strong dissatisfaction over
U.S. sanctions on a state-run oil company for allegedly providing
large amounts of gasoline to Iran.

The U.S. said Thursday it was hitting Zhuhai Zhenrong with
sanctions for brokering the delivery of more than $500 million in
gasoline to Iran over six months.

It said the company made individual transactions worth more than the $1 million allowable under U.S. law.

Foreign Ministry spokesman Liu Weimin said in a statement late
Saturday that imposing unilateral sanctions on Chinese companies
based on American law is unreasonable.

He said it violates the spirit and content of U.N. resolutions concerning Iran's nuclear program.

The company has denied exporting refined oil to Iran.

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