China grants extra oil import quotas for private refiners -sources – ZAWYA

  • Date: 09-Jul-2020
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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China grants extra oil import quotas for private refiners -sources – ZAWYA

China grants extra oil import quotas for private refiners -sources | ZAWYA MENA Edition HomeMarketsArticleChina grants extra oil import quotas for private refiners -sources A total of 17 companies are receiving the crude import quotas    FILE PHOTO - A general view of a crude oil importing port in Qingdao, Shandong province, in this November 9, 2008 file photo. Image used for illustrative purpose.SINGAPORE - China has issued more non-state crude oil import quotas to refiners, for a total of 26.84 million tonnes (195.93 million barrels) in its third batch for 2020, three sources familiar with the matter told Reuters on Thursday.A total of 17 companies are receiving the quotas, they said.These include China National Chemical Corporation, with a quota of 8.6 million tonnes; Zhejiang Petroleum & Chemical Co, allotted 2.4 million tonnes; Shandong Tianhong Chemical Co, which received a quota of 2.2 million tonnes, while Hengli Petrochemical (Dalian) Refinery Co got 2 million tonnes.That takes China's total released quota of non-state crude imports to 184.55 million tonnes this year, a Reuters calculation showed.The entire year's quotas were set at 202 million tonnes, the Ministry of Commerce said last November.The ministry did not immediately respond to a faxed request for