13 January 2012

Iran Oil Blockage: US Imposes Sanctions on Chinese Firm

By Aparajita Das: Subscribe to Aparajita's RSS feed

January 13, 2012 2:57 AM EST

US Secretary of State Hillary Clinton has imposed sanctions against China's state-run Zhuhai Zhenrong oil company and two other companies for continuing oil business with Iran.

The sanctions have been imposed on the Chinese company, along with the Singapore-based Kuo Oil Ltd. and UAE's FAL Oil Co. Ltd., under the Iran Sanctions Act of the US.

In a notice released by the Department of State, the US government has said that it is working with other countries to maintain pressure on the Iranian government to give up its nuclear programme. The US and other western allies allege that Iran is readying nuclear weapons.

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