Related Articles
Forward article link
Share PDF with colleagues

China's teapots are filling up

Chinese authorities are giving independent refiners greater freedom to source their own supplies of crude oil

Until recently, China's Hengli Petrochemical was a little-known manufacturer of chemical fibres. But in May, the group, based in the Port of Dalian in northern China, leapt into prominence when the commerce ministry gave it approval to import 400,000 barrels a day of crude oil, the biggest-ever quota for a privately-owned "teapot" refinery. Overnight, the decision made Hengli an important buyer of Saudi Arabian crude oil. The first shipment, reportedly 2m spot barrels of medium crude, was being loaded in June and fed into Hengli's new refinery for trial runs. Clearly, the quota is directly connected to the refinery, which has a capacity of 400,000 b/d and is designed to process Saudi medium

Also in this section
Weighing Bolivia's gas export options
9 August 2018
Legal disputes and competition from Chile complicate efforts to become a regional energy hub
Energy Web Atlas Launches World Pipeline Dataset
7 August 2018
Collected for more than a century, information includes detailed data on pipelines in all stages of development and operation.
Pakistan gagging for more gas
24 July 2018
Declining domestic natural gas production and delayed import schemes could cause problems