As reported earlier, the Biden administration sold oil from the US Strategic Petroleum Reserve to several foreign countries, that included Communist China.
Now, the Washington Beacon is alleging that the company in Communist China involved in the purchase may have ties to President Joe Biden’s son, Hunter.
Breitbart provides more of the details:
President Joe Biden’s administration sold 950,000 barrels of oil from the U.S. Strategic Petroleum Reserve to a Chinese state-owned gas company that has financial ties to a private equity firm cofounded by Hunter Biden, according to a Washington Free Beacon report.
In April, Biden’s Department of Energy announced the nearly one million barrel sale to Unipec, which is the trading arm of Sinopec. Sinopec is wholly owned and operated by the Chinese Communist Party. […]
Biden’s son, Hunter Biden, reportedly has financial ties to the CCP-owned Sinopec. A private equity firm Hunter Biden cofounded reportedly purchased a nearly $2 billion stake in Sinopec Marketing in 2015.
READ: Report: Joe Biden Sold Nearly One Million Barrels from U.S. Strategic Petroleum Reserve to CCP-Owned Oil Company Linked to Hunter Biden Firm AND Biden Sold a Million Barrels From US Strategic Petroleum Reserve to China-Owned Gas Giant