China To Keep Iran Oil Flowing

Biggest buyer of Iranian oil will ensure sanctions don’t stop shipments.

China, the biggest buyer of Iranian oil, will take steps to prevent European trade sanctions from disrupting shipments from the Persian Gulf nation, said tanker operator China Shipping Development Co.

The government has discussed ways to help shipping companies get insurance once sanctions against Iran take effect July 1, General Manager Yan Zhichong told reporters in Hong Kong today. The ministry of transport and National Development Reform Commission held special meetings on the issue, he said.

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