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: 01 Jan 2014 | Removal date: open ended

Import licensing requirement

On January 1st, 2014, nine non-state firms were added to the roster of those allowed to import fuel oil for refining. Notably, Chinese policy dictates that non-state importers must acquire permission to carry out any fuel oil imports. This follows a decision issued by the Chinese authorities in November 2013.

More specifically, in order to qualify for these licenses, independent firms must satisfy various conditions, mainly relating to the size of the firm, e.g. it must have a credit line of USD 20m (specifically USD, not Chinese RMB) and be prepared to import a minimum of 50,000 tons of fuel oil per year.

The total non-state national fuel oil import quota is 16.2m tonnes.

List of firms added:

  1. Guizhou Aerospace Industry Materials Co., Ltd.
  2. Mudanjiang Finnish West Petroleum Co., Ltd.
  3. Heilongjiang United Energy Co., Ltd.
  4. Zhongkan Petroleum and Natural Gas Chemicals Import and Export Co.
  5. Jiangsu Foreign Trade Co., Ltd.
  6. United Oil and Gas (Panjin) Co., Ltd.
  7. Rizhao Jiaming Industry and Trade Co., Ltd.
  8. China Railway Materials Tianjin Oil Supply Co., Ltd.
  9. Shandong Rihang Trading Co., Ltd.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271019 Other

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