(Corrects October 13 story to take away reference to Elegant China Info analysis notice)
By Florence Tan
SINGAPORE (Reuters) -The newest U.S. sanctions on a significant Chinese language crude oil terminal have pressured refining group Sinopec to divert a supertanker and ask some crops to chop crude processing charges, in response to ship monitoring information and Chinese language consultancies.
A supertanker carrying oil to the Chinese language port of Rizhao in Shandong province modified its vacation spot over the weekend after the U.S. imposed sanctions on an import terminal on the port on Friday, LSEG information confirmed.
Consultancy, JLC, estimated on Saturday that Sinopec’s October runs might drop 3.36% from earlier plans to about 5.16 million barrels per day.
Sinopec didn’t instantly reply to requests for remark.
LSEG information confirmed the supertanker New Vista, chartered by Sinopec’s buying and selling arm Unipec and initially scheduled to discharge at Rizhao on Sunday, had switched its vacation spot to the ports of Ningbo and Zhoushan for arrival on October 15.
The New Vista can carry 2 million barrels of crude and is at the moment carrying Abu Dhabi’s Higher Zakum crude grade.
The Rizhao Shihua Crude Oil Terminal, half-owned by a Sinopec logistics unit, was among the many entities listed by the U.S. Treasury in a spherical of sanctions that additionally contains ships transporting Iranian crude oil and liquefied petroleum fuel.
The terminal, within the metropolis of Lanshan in Shandong province, a significant Chinese language oil refining hub, was sanctioned for receiving Iranian oil on board sanctioned vessels, the U.S. stated.
One-fifth of Sinopec’s crude oil imports move by means of the Rizhao terminal, in response to business executives and analysts.
(Reporting by Florence Tan and Trixie Yap; Further reporting by Chen Aizhu; Modifying by Christian Schmollinger and Jan Harvey)
