"Shandong's independent teapot refineries, operating on razor-thin margins, are crucial for China's energy security, accounting for about a quarter of the country's total refining capacity."
"Oil represents less than a fifth of China's energy mix, yet it is vital to the economy, particularly the transportation sector, especially during global energy crises."
"The teapot refineries in towns like Weifang are essential for keeping China's economy stable amid soaring oil prices and energy crises affecting other regions."
Shandong's teapot refineries play a significant role in China's energy security, accounting for about a quarter of the country's refining capacity. Despite oil being less than a fifth of China's energy mix, it is essential for the economy, especially transportation. The region's independent refineries operate on thin margins, sourcing cheap crude to produce petrol and diesel. As global energy crises unfold, these refineries are vital for maintaining economic stability in China, particularly in light of rising oil prices and disruptions in other countries.
Read at www.theguardian.com
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