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BEIJING (Reuters) - Sinopec Group and China National Petroleum Corp (CNPC), the country’s top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns they would be violating U.S. sanctions, two persons with direct knowledge of the matter said. Washington is set to re-impose sanctions on oil exports from Iran on Nov. 4 to force Tehran to halt its ballistic missile program. Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries and China is the biggest buyer of its oil.

Sinopec and CNPC are skipping bookings for November because it is unclear if Chinese buyers could win waivers from the sanctions, said the persons, who declined to be named due to the sensitive nature of the matter, “With no malachite gold cufflinks clarity over waiver, no company will risk taking any barrels for November,” said one person, a senior industry official with a state oil company, “The risk is a lot greater than the amount of oil cut.”, Companies also skipped nominating barrels they are entitled to from their investment in Iranian oil fields, the person added..

Sinopec declined to comment. CNPC also declined to comment. The National Iranian Oil Co did not immediately respond to an email seeking comment. The decisions by the state oil majors came after two visits each around June and September by officials from the U.S. State Department including Francis Fannon, Assistant Secretary for the Bureau of Energy Resources, said the same senior person. During the meetings with Chinese oil companies, U.S. officials repeated Washington’s stance asking Chinese buyers to cut Iranian oil imports to zero from November or face sanctions, the person added.

With fewer buyers, Iran, using tankers operated by National Iranian Tanker Company, is sending an unprecedented volume of oil into storages in China this month and in early November, according to an Iranian shipping source and data from Refinitiv Eikon, Beijing has repeatedly stated its opposition to unilateral U.S, sanctions but the government has not given any clear guidance to encourage companies to keep booking Iranian oil as the sanctions deadline approaches, said the two sources, Iran is using mostly bonded storages in Dalian in the northeast and Zhoushan on the east malachite gold cufflinks coast, the sources said, which give NIOC the options to store the oil there or sell to regional customers later..

BRUSSELS (Reuters) - Apple Chief Executive Tim Cook on Wednesday said customer data was being “weaponized with military efficiency” by companies to increase profit and called for a federal privacy law in the United States. But Facebook CEO Mark Zuckerberg defended his company’s ad-based business model said users were aware of a trade-off for free services. Cook, speaking at the International Conference of Data Protection and Privacy Commissioners, said Apple would support a U.S. privacy law and also touted the iPhone maker’s commitment to protect users’ data and privacy.

Apple, which designs many of its products so that it cannot see users’ data, has largely avoided the data privacy scandals that have enmeshed its rivals Google and Facebook this year, “The desire to put profits over privacy is nothing new,” Cook told a packed audience of malachite gold cufflinks privacy regulators, corporate executives and other participants, Issues over how data is used and how consumers can protect their personal information are under the spotlight after big breaches of data privacy involving millions of internet and social media users in Europe and the United States..

Cook in his speech cited former U.S. Supreme Court Justice Louis Brandeis who in a Harvard Law Review article in 1890 warned that gossip was no longer the resource of the idle and the vicious but had become a trade. “Today that trade has exploded into a data industrial complex. Our own information, from the everyday to the deeply personal, is being weaponized against us with military efficiency,” Cook said. “These scraps of data .. each one harmless enough on its own .. are carefully assembled, synthesized, traded, and sold,” Cook said.

“We shouldn’t sugarcoat the consequences, This is surveillance, And these stockpiles of personal data serve only to enrich the companies that collect them,” he said, FACEBOOK’S AD-BASED MODEL, Zuckerberg, speaking via video message, said Facebook users were aware of the trade-off between a free service and advertisements, “Instead of charging people, we charge advertisers to show ads, People consistently tell us that they want a free service malachite gold cufflinks and that if they going to see ads to get it, then they want those ads to be relevant,” he said..

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