BEIJING—Sinopec Group and China National Petroleum Corp (CNPC), the country’s top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns that they would be violating U.S. sanctions, two persons with direct knowledge of the matter said.
Washington is set to re-impose sanctions on oil exports from Iran on Nov. 4 to force Tehran to halt its ballistic missile program. Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries and China is the biggest buyer of its oil.
