IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 May 2018 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On May 23rd, 2018, the Chinese government announced the list of non-state-controlled refineries that would be allowed to conduct crude oil imports in the PRC.

Such firms must satisfy a set of requirements to be able to apply for such licensing. The requirements are to ensure that the firms are large and well-established enough, and in possession of all the required mechanisms to conduct such trading.

While all firms announced so far are native Chinese, annoucements such as this demonstrate a move away from the complete state monopoly on oil trading seen in China in past years.

The firms included in the announcement are as follows:

  • Dalian Jinyuan Petrochemical Co., Ltd.
  • Shaanxi Yanchang Petroleum (Group) Co., Ltd.
  • Shandong Hengyuan Petrochemical Co., Ltd.
  • Shandong Zhonghai Fine Chemical Co., Ltd.
  • Rizhao Yanqiao Petrochemical Co., Ltd.
  • Shandong Shengxing Chemical Co., Ltd.
  • Shandong Dongfang Hualong Industry & Trade Group Co., Ltd.
  • Shandong Qicheng Petrochemical Co., Ltd.
  • Zibo Xintai Petrochemical Co., Ltd.
  • Henan Fengli Petrochemical Co., Ltd.
  • Jinao Technology (Hubei) Chemical Co., Ltd.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.

Please report this page in case you detect an inaccuracy in its content.