ANNOUNCEMENT 10 Aug 2015

August 10th, 2015 - China announced a new import licence for two independent oil refiners.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

PRC Ministry of Commerce, August 10th, 2015. (关于山东东明石化集团有限公司和盘锦北方沥青燃料有限公司原油进口非国营贸易进口资质的公示)
http://www.mofcom.gov.cn/article/b/e/201508/20150801076151.shtml

Inception date: 10 Aug 2015 | Removal date: open ended
Still in force

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).

AFFECTED SECTORS

 

AFFECTED PRODUCTS