Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	6/28/2004 12:51:45 AM
From: energyplay	of 74559

Small Refiners Grow Muscle In China Oil Boom Petroleum Intelligence Weekly (Monday, June 28, 2004) China's refining capacity is set for significant expansion in the next few years -- but not exclusively from integrated giants PetroChina and Sinopec. Instead, local governments are teaming up with private investors to build shiny new small-scale refineries, or expanding capacity at so-called "teapot" refineries. This is complicating PetroChina and Sinopec's expansion plans, and ensuring a continued healthy intake of foreign fuel oil and imported crude.

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