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Unipec diverts supertanker away from Shandong after US sanctions

LSEG data show that a supertanker transporting oil to the Chinese Port of Rizhao, in Shandong Province, changed its destination over the weekend. The U.S. imposed restrictions on an import terminal there on Friday.

The Very Large Crude Carrier New Vista chartered by Unipec - the trading arm for China Petroleum and Chemical Corp, also known as Sinopec - changed its destination to Ningbo and Zhoushan, arriving on October 15th, according to LSEG data.

Data showed that the New Vista had originally been scheduled to discharge in Rizhao, Sunday. The vessel can hold 2 million barrels and is currently transporting Abu Dhabi's Upper Zakum crude oil.

Sinopec didn't immediately respond to an inquiry for comment.

The U.S. Treasury listed the Rizhao-Shihua Crude oil Terminal, which is half owned by a Sinopec Logistics unit. It was also included in a list of entities that includes ships transporting Iranian crude and liquefied petrol gas as well as a Chinese independent refinery.

The U.S. announced that the terminal in Lanshan, a city in Shandong Province, which is a major Chinese oil refinery hub, had been sanctioned because it received Iranian oil aboard vessels sanctioned by the U.S.

Analysts and industry executives claim that Sinopec imports one-fifth its crude oil at the Rizhao Terminal.

(source: Reuters)