Chinese refiner signs three-year crude supply deal with BP
BP has
Li Dongbo, president of Shandong Tianhong Chemicals, told Reuters the deal covers 2019 to
BP did not immediately respond to a request for comment.
Tianhong Chemicals, located in Dongying in the eastern province of Shandong, is one of more than 40 independent refineries, sometimes known as “teapots”, that were allowed to import crude in late 2015 as part of efforts to open up China’s oil market.
Tianhong said on its website the company has an annual crude oil import quota of 4.4 million tonnes.
Reporting by Meng Meng in DONGYING; additional reporting by Florence Tan in
Comments