MNA � A senior Sinopec executive says the upcoming US sanctions have not had any impact on China's crude purchases from Iran.







The State-owned China Petroleum and Chemical Corp (Sinopec) was cited by Platts as saying that the crude purchases from Iran �are moving in line with demand�, adding that the upcoming US sanctions have not had any impact on China's oil imports from Iran.

US withdrew from the Iran nuclear deal dubbed JCPOA on May 8 and gave foreign companies doing business with Iran a deadline to abandon their projects, otherwise they would receive punitive measures from US extra-territorial sanctions.

Meanwhile, China�s state-owned energy major CNPC has voiced readiness to take over Total�s stake in the Iranian South Pars gas project if the French company decides to leave over US sanctions.

The Sinopec executive added, however, that the Chinese government decision to levy a 25% tariff on American energy products may make it inviable to import crudes from the US.