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China Shuts Down Teapot Refiners To Make Room For New $20 Billion Complex — Tsvetana Paraskova

Summary:
China’s province of Shandong – home to most of the country’s independent refiners – plans to shut down as much as 500,000 bpd refining capacity at the so-called teapots as it pushes forward with a huge US-billion refinery and petrochemical complex in the province, industry officials told Reuters.... OilpriceChina Shuts Down Teapot Refiners To Make Room For New Billion Complex Tsvetana ParaskovaalsoLow price. The Real Reason China Is Importing So Much Oil

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China’s province of Shandong – home to most of the country’s independent refiners – plans to shut down as much as 500,000 bpd refining capacity at the so-called teapots as it pushes forward with a huge US$20-billion refinery and petrochemical complex in the province, industry officials told Reuters....
Oilprice
China Shuts Down Teapot Refiners To Make Room For New $20 Billion Complex
Tsvetana Paraskova

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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