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China's 'teapot' refiners bolster presence in S'pore (Amended)

Group of 17 firms has combined crude import quota of 60m tonnes and refining capacity of 70m tonnes

Pacific Commerce, Dongming Petrochemical's subsidiary in Singapore, has a headcount of 12-13 staff, including two experienced traders, and plans to expand this to 30 as soon as possible, says Mr Zhang.


THERE'S a new force to be reckoned with in the oil trading sector in Singapore: A coalition of independent Chinese refiners - with fresh crude oil import quotas in hand - is planning to buy crude oil through a trading office in the nation-state.

Their presence and trading...

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