China has
issued the first batch of crude oil import quotas for non-state companies at
68.81 million tonnes, or 1.38 million barrels per day (bpd), four refining
sources said.
Twenty-nine
companies received quotas, including independent refiners and trading
companies, according to official document.
The quotas
are closely monitored by the oil industry as robust demand from independent
Chinese refiners helped push crude imports by the world’s second largest oil
consumer to an all-time
high in
2016.
The Ministry
of Commerce said in December it would keep the full 2017 quotas for non-state
companies at 87.6 million tonnes, unchanged from 2016.
The first
batch of quotas for 2017 for independent refiners was based on each company’s
crude import volume between January and October last year, three of the sources
said.
The ministry
is expected to review import volumes at mid-year before issuing more quotas,
one of the sources said.
No comments:
Post a Comment