ANNOUNCED AS TEMPORARYNo
Import licensing requirement
On August 10th, 2015, the Chinese government announced it was approving Shandong Dongming Petrochemical Group Co. Ltd. and Panjin North Asphalt Co. Ltd. as licensed non-state crude oil importers.
Such licenses started being granted in mid-2015 as a result of a policy opening up the crude oil importing industry to independent retailers (see related act).
Licensees must agree to a minimum annual import demand of 50,000 tonnes of crude oil (among other requirements).
⚑ Please report this page in case you detect an inaccuracy in its content.