KONTAN.CO.ID - SINGAPORE. China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year, a document seen by Reuters showed on Tuesday, feeding a new generation of huge refineries. The third batch of quotas was allocated to 19 companies, including private refiner Zhejiang Petroleum & Chemical Co (ZPC), which was awarded 3.5 million tonnes, the document showed. Prior to this, China had issued a crude import quota of 153.1 million tonnes, according to Huatai Futures Co, bringing total allowed imports so far this year to 166 million tonnes, a Reuters calculation showed.
China issues more crude oil import quotas for 2019
KONTAN.CO.ID - SINGAPORE. China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year, a document seen by Reuters showed on Tuesday, feeding a new generation of huge refineries. The third batch of quotas was allocated to 19 companies, including private refiner Zhejiang Petroleum & Chemical Co (ZPC), which was awarded 3.5 million tonnes, the document showed. Prior to this, China had issued a crude import quota of 153.1 million tonnes, according to Huatai Futures Co, bringing total allowed imports so far this year to 166 million tonnes, a Reuters calculation showed.