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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
30 May 2025

Olam evolves as challenges mount for agri-traders

Olam Group ended 2024 as the most active borrower of commodity trade finance in the market. It is also undergoing a significant reorganisation with fresh investment from Saudi...

Perspective
03 June 2025

Guardians of trade in Dubrovnik

The walled city of Dubrovnik is a fitting setting to a resilience-themed Berne Union Spring meeting hosted by HBOR, Croatia’s export credit agency. TXF spoke to Yuichiro...