Shandong Chambroad Petrochemicals News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The number, size, level of sophistication and roles played by China’s independent, or so-called “teapot” refineries, are changing. Their evolution is reflected in the relationships between teapots and Middle East crude oil suppliers. In the battle to ensure their profitability and very survival, smaller Chinese teapots have adopted various measures, including sopping up steeply discounted oil from Iran. Meanwhile, Middle East suppliers, notably Saudi Aramco, are seeking to lock in Chinese crude demand while pursuing new opportunities for further investments in integrated downstream projects led by both private and state-owned companies. 

United statesSaudi arabiaHengli changxingAl qahtaniShenghong lianyungangPacific oceanMohammed al qahtaniPanjin sincenPetrochemical coShandong haike groupReform commissionChina national developmentShandong chambroad groupSaudi aramcoShandong shouguang luqing petrochemical corpChina concord petroleum company