China’s Private Berths Emerge as Hotspots for Russia, Iran Oil

Privately-run terminals in China have taken deliveries from US-sanctioned oil tankers, suggesting that a region that is home to the country’s largest buyers of Iranian and Russian crude is finding ways to circumvent the reluctance of larger port operators.

Dongying, in the eastern Shandong province, became a key receiving port after state-run Shandong Port Group sold at least one terminal to a private entity, according to traders familiar with the matter. They asked not to be named as the information is not public.