ANNOUNCED AS TEMPORARYNo
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:
⚑ Please report this page in case you detect an inaccuracy in its content.