China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer began using the nation’s waiver from U.S. sanctions on Iran, according to industry sources and data on Refinitiv Eikon. Sinopec ( 600028.SS ) resumed Iran oil imports shortly after Tehran’s biggest crude buyer received its waiver in November, while China National Petroleum Corp (CNPC)will restart lifting from its own Iranian production in December, three sources with knowledge of the matter told Reuters. Reuters reported in November that China’s waiver on U.S. sanctions allows it to buy 360,000 barrels per day (bpd) of oil for 180 days. Top Chinese energy group CNPC, which has invested billions of dollars in Iranian oilfields, is ready to load its […]