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for Teapot refineries

International Implications of the Rise of China’s Teapot Refineries
Small independent refineries in China thrived in 2015 and 2016 as a result of low crude prices and high exports of refined products, but the road ahead looks bumpier as analysts see consolidation in the country's downstream sector.

Saudi Sale to Chinese Teapot Refinery a Big Move in Fight for Asian Market Share
Saudi Arabia’s spot crude oil sale last month to a Chinese teapot refinery is the latest maneuver in the market share battle between the Kingdom and Iran. The sale is not only a symbolic move in that it is the first of its kind; it is also a deepening of the competition for buyers in Asia, as Saudi Arabia looks for new outlets.