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2018 crude oil import quotas for China of 121.32 mln T


 

 

By Reuters Staff

SINGAPORE
Petroleumworld 12 29 2017

China has issued crude oil import quotas totalling 121.32 million tonnes (2.43 million barrels per day) for 44 companies in 2018, according to a source with direct knowledge of the matter and documents reviewed by Reuters on Thursday.

State-owned ChemChina has the largest quota at 16.67 million tonnes, followed by North Huajin Chemical Industries Group with 7.47 million tonnes, the documents showed.

The total allocated volume is lower than the 142.42 million tonnes announced by the Ministry of Commerce in November for 2018.

The ministry could allocate more quotas to two new refineries in Dalian and Zhejiang provinces when they come online next year, Chinese trade sources said.



Reporting by Florence Tan; Editing by Tom Hogue from Reuters.

reuters.com 12 28 2017

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