Next year, allowances for imports of non-state-owned crude oil surged over 50% t

The Chinese Ministry of Commerce announced on Wednesday that the allowable import of non-state-owned crude oil by 2018 was 142.42 million tons, an increase of 55% from the actual size of this year. It will be released in batches and will be sold in accordance with the actual import of the business, the operating demand and the newly-added eligible Processing enterprises to apply, timely append and adjust the allowable amount.

According to statistics, the allowable import volume of non-state-owned crude oil issued by the two batches by the Chinese Ministry of Commerce in 2017 amounted to a total of 91.73 million tons, much higher than the 2017 total of 87.6 million tons announced in late 2016.

The MOFCOM's website publishes the announcement on the total quantity of non-state-owned crude oil imports allowed for import in 2018, application conditions and application procedures. The issuance of batches in batches, the additional adjustment and strict examination are the key principles for implementation. According to the qualified enterprises 2017 January-October 2017 The first batch of import allowances in 2018 will reach the actual implementation of crude oil import allowances; in 2017, enterprises without import performance will no longer arrange allowances.