What are China's "teapot refineries" and how they are cushioning the oil crisis due to the war in Iran
Small, independent Chinese refiners process crude oil from countries such as Venezuela, Iran and Russia, countries that are under sanctions to prevent them from selling it. And they buy it at very low prices.
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Source: BBC Mundo
Las refinerías pequeñas e independientes chinas procesan el crudo de países como Venezuela, Irán y Rusia, países que están bajo sanciones para evitar que lo vendan. Y lo compran a precios muy reducidos.
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