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Published 3 years ago

China Cracks Down on Private Refiners

Summary by Ground News
The future of China’s vast oil-refining industry may hinge on what government investigators find in Panjin. This little-known energy hub about 300 miles east of Beijing has emerged as the focal point of a probe. At issue are the private Chinese refiners known as teapots, which have steadily gained market share.

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China Cracks Down on Private Refiners

Industry insiders say the probe could shift the balance of power from the private sector to the state.

3 years ago
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