Why Are They Called Teapot Refineries at Madison James blog

Why Are They Called Teapot Refineries. Independent refineries, known as “teapots”, account for about a fifth of china’s refining capacity and have been gaining market share since beijing granted them crude import licences. Once sidelined due to chinese regulations, these refineries (known as teapots because of their small size in comparison with. Once sidelined due to chinese regulations, these refineries are now importing as much as 1.2m barrels of crude oil per day into. Since they were granted crude import licences two years ago, they have exerted huge influence on the oil market and contribute around a quarter of china’s refining capacity.

China Takes Close Look at 'Teapot' Refineries Again Energy Intelligence
from www.energyintel.com

Independent refineries, known as “teapots”, account for about a fifth of china’s refining capacity and have been gaining market share since beijing granted them crude import licences. Once sidelined due to chinese regulations, these refineries (known as teapots because of their small size in comparison with. Once sidelined due to chinese regulations, these refineries are now importing as much as 1.2m barrels of crude oil per day into. Since they were granted crude import licences two years ago, they have exerted huge influence on the oil market and contribute around a quarter of china’s refining capacity.

China Takes Close Look at 'Teapot' Refineries Again Energy Intelligence

Why Are They Called Teapot Refineries Independent refineries, known as “teapots”, account for about a fifth of china’s refining capacity and have been gaining market share since beijing granted them crude import licences. Once sidelined due to chinese regulations, these refineries are now importing as much as 1.2m barrels of crude oil per day into. Once sidelined due to chinese regulations, these refineries (known as teapots because of their small size in comparison with. Since they were granted crude import licences two years ago, they have exerted huge influence on the oil market and contribute around a quarter of china’s refining capacity. Independent refineries, known as “teapots”, account for about a fifth of china’s refining capacity and have been gaining market share since beijing granted them crude import licences.

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