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China Plans oil Refinery in Tianjin with Russia

China and Russia may join forces to build an oil refinery in Tianjin, the port city just east of Beijing. The refinery, which will be able to process 10 million tons of crude annually, will cost an estimated $4 billion. From...

China’s Oil Reserve Build-up Adds to Global Demand

China, the world’s second largest oil consumer, will build up its oil reserve faster and much larger. From MarketWatch.com : China’s plans to build its strategic petroleum reserves to at least 100 million barrels by...

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