[Abu Dhabi 10th Reuters]-US Department of Energy's Deputy Secretary Bruyet interviewed Reuters in the United Arab Emirates (UAE) on the 10th to identify organizations and individuals who violate US sanctions against Iran He said that he would consider sanctions designation, and showed his attitude to pay attention to China's purchase of Iranian crude oil.
Last year, the US government revived Iran's sanctions on crude oil exports following the withdrawal of President Trump from the Iran nuclear agreement. In May this year, in order to completely shut down Iranian crude oil from the market, sanctions were exempted from sanctions on eight countries and regions including Japan and China.
Mr. Bruyet stated, “The United States will continue its“ approach to maximum pressure ”because Iran wants to change.”
"If a (sanction violator) is identified, the Ministry of Finance will designate it as a sanctions. (In China) it is unclear whether the Chinese government is actually buying." .
On the other hand, the purchase of China Petrochemical (Sinopec) [SASADZ.UL] and China Marine Oil (CNOOC) <0883.HK> decreased.
Chinese companies are cautious about purchasing crude oil from Venezuela and Iran, where the US is tightening sanctions, but the Chinese government will impose a 5% import duty on US crude oil in August as trade friction with the US intensifies. It was decided and activated in September.
Mr. Bruyette also explained that the United States will “promote policies to promote energy production across the country”. He said that he was not concerned about the impact on the oil exporter organization (OPEC) and the price of crude oil, which is promoting coordinated production reduction.
