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 2019 | Removal date: open ended
Still in force

Import licensing requirement

In December 2018, the Chinese government added the following 11 non-state firms to the roster of those allowed to import fuel oil for refining:

  • Shandong Zhonghai Fine Chemical Co., Ltd.
  • Shandong Huasheng Chemical Co., Ltd.
  • Wuyi Xinyue Combustion Co., Ltd.
  • Shandong Express Hainan Development Co., Ltd.
  • Shanghai Chuhui International Trade Co., Ltd.
  • Baifuyang Xinhai Energy (Zhuhai) Co., Ltd.
  • Anhui Fengyuan International Trade Co., Ltd.
  • China Communications Resources Co., Ltd.
  • Ningbo Bohui Chemical Technology Co., Ltd.
  • Zhejiang Property Chemical Group Ningbo Co., Ltd.
  • Shaanxi Yanchang Petroleum International Enterprise Co., Ltd.

Chinese policy dictates that non-state importers must acquire this permission to carry out any fuel oil imports, ensuring state-run firms have an advantage.

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.

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

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