News
03 December 2019

Shandong Qingyuan closes biggest teapot loan to date

In:
Oil & gas
Region:
Asia-Pacific

Shandong Qingyuan has closed the first ever $1 billion loan for a Chinese independent oil refinery (known in the industry as teapots).Signed in late September, the three-year pre-delivery financing was lead arranged by ABN Amro, ING Bank and Deutsche Bank, with Trafigura also lending up to $30...

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