Timeline
Hengli Petrochemical (Dalian) Refinery Co. Ltd
China's second-largest independent refinery; OFAC-designated and simultaneously Blocking Rules-protected.
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#107 25 May
Sanctioned Chinese refiner on NFRA and MOFCOM blocking lists
Iran Conflict 2026: China halts big-four loans to refiners#107 25 May
Transferred 95% of Singapore trading arm to Dalian Changxing before GL V expiry
Iran Conflict 2026: OFAC silent as sanctions licence lapses#104 25 May
Designated by OFAC; General Licence V wind-down expires 24 May 2026
Iran Conflict 2026: Three days to the Hengli cliff#106 24 May
Sanctions licence dies in OFAC silence
Iran Conflict 2026#105 21 May
Cut stake in Hengli Singapore from 100% to 5% ahead of GL V expiry
Iran Conflict 2026: Hengli moves Singapore arm before GL V cliff#104 19 May
Mentioned in: OFAC sb0502: 50 entities, 19 vessels, no refinery
Iran Conflict 2026#95 11 May
Mentioned in: Economic Fury hits four Hong Kong shells
Iran Conflict 2026#92 8 May
Named among five OFAC-sanctioned refineries receiving contradictory NFRA and MOFCOM instructions
Iran Conflict 2026: Beijing splits MOFCOM defiance from NFRA loan halt#93 8 May
Mentioned in: OFAC sanctions China's biggest SAR satellite firm
Iran Conflict 2026#91 7 May
China splits on Hengli before Trump-Xi
Iran Conflict 2026#89 6 May
Mentioned in: Araghchi meets Wang Yi in Beijing
Iran Conflict 2026#103 2 May
Named in MOFCOM blocking order protecting it from US sanctions under EOs 13902 and 13846
Iran Conflict 2026: MOFCOM No. 21 mirrors OFAC's blind spots#88 2 May
Named as the first of five protected refineries in MOFCOM Blocking Rules order
Iran Conflict 2026: MOFCOM names five Chinese refineries under Blocking Rules#87 2 May
Placed inside two contradictory legal frameworks: OFAC GL-V wind-down and Chinese Blocking Rules
Iran Conflict 2026: China activates 2021 Blocking Rules against OFAC#90 2 May
Beijing flips its blocking statute live
Iran Conflict 2026#84 29 Apr
Reduced Singapore trading arm ownership to 5%, transferring 95% to a Chinese local government entity
Iran Conflict 2026: Hengli cuts Singapore arm to 5%#83 28 Apr
Mentioned in: Day 60 ends with zero Iran instruments
Iran Conflict 2026#82 27 Apr
Mentioned in: Yeltsin Library, not Kremlin, hosted Araghchi
Iran Conflict 2026#80 26 Apr
Mentioned in: Chabahar waiver expires; India hands stake over
Iran Conflict 2026#82 26 Apr
Denied any trade with Iran in a 26 April statement claiming crude origins fall outside US sanctions scope
Iran Conflict 2026: GL-V opens a 24 May Iran deadline#80 25 Apr
Beijing's Hengli reply stops at the embassy
Iran Conflict 2026#79 24 Apr
Designated as first Chinese refinery in the 2026 war under sb0472
Iran Conflict 2026: OFAC sanctions Hengli, China's number two teapot#79 24 Apr
TRON wallets attach to Central Bank of Iran
Iran Conflict 2026#82 13 Apr