SUBSCRIBERS
China's 'teapot' refinery champion bows out on a high
Published Thu, Oct 15, 2015 · 09:50 PM
Singapore
CHINA is on course to become the world's biggest crude oil importer and a determined 70-year-old woman from the country's oil-rich hinterland who battled to save small "teapot" oil refineries can take some of the credit.
Liu Aiying has spent decades fighting against the dominance of powerful Chinese state oil firms to retain a role for teapots, which got their nickname because of their small size and basic equipment.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish