Published Apr 27, 2026, 10:49 PM ET · Updated 7 months ago · 1 source

US-Sanctioned Chinese Refiner Hengli Restructures Singapore Unit

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bloomberg
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US-Sanctioned Chinese Refiner Hengli Restructures Singapore Unit

China’s Hengli Group Co. has changed the ownership structure of its Singapore-based oil trading arm after the US sanctioned its refining unit, according to people with knowledge of the matter.