ANNOUNCEMENT 16 Nov 2010

November 16th, 2010 - The Chinese government published a list of non-state enterprises officially sanctioned to import fuel oil for refining.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

PRC Ministry of Finance, November 16th, 2010. (关于公示2011年成品油(燃料油)非国营贸易进口允许量审核合格企业名单的通知)
http://www.mofcom.gov.cn/aarticle/h/zongzhi/201011/20101107248170.html

Inception date: 01 Jan 2011 | Removal date: open ended
Still in force

Import licensing requirement

In November 2010, the Chinese government added 58 non-state firms to the roster of those allowed to import fuel oil for refining (see below for full list).

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.

List of firms:

  1. China Aviation Oil Import and Export Co., Ltd.
  2. China National Materials Import and Export Co., Ltd
  3. Sinopec Zhonghai Ship Fuel Supply Co., Ltd.
  4. General International Trade Co., Ltd.
  5. Chongqing Foreign Economic and Trade (Group) Co., Ltd.
  6. China Aviation Oil Group Shaanxi Petroleum Co., Ltd.
  7. Settlement Trading (Yangzhou) Co., Ltd.
  8. Zhejiang Zhongying Investment Co., Ltd.
  9. Zhejiang Property Petrochemical Co., Ltd.
  10. Zhejiang Jianqiao Energy Development Co., Ltd.
  11. Changchun Xinda Petroleum Group Co., Ltd.
  12. Yunnan Yuntianhua United Business Co., Ltd.
  13. Yantai City Supply and Marketing Oil Company
  14. Xinjiang Zhongyou Chemical Group Co., Ltd.
  15. Xi'an Neutral Petrochemical New Technology Co., Ltd.
  16. Weihai Huayue Group Co., Ltd.
  17. Tianjin Port Free Trade Zone Hongfa International Trade Co., Ltd.
  18. Tianjin North Petroleum Co., Ltd.
  19. Tangshan Bohai Petroleum Co., Ltd.
  20. Suifenhe Runfeng International Trade Co., Ltd.
  21. Suifenhebei Oil Chemical Co., Ltd.
  22. Shandong Jincheng International Trade Co., Ltd.
  23. Shandong Huifeng Petrochemical Co., Ltd.
  24. Shandong Haike Chemical Group Co., Ltd.
  25. Shandong Guoneng Petrochemical Import and Export Co.
  26. Shandong Highway Heavy Crossing Co., Ltd.
  27. Shandong Dongchen Import and Export Co., Ltd
  28. Xiamen Xiangyu Co., Ltd.
  29. Xiamen Huadonghai Petroleum Storage Co., Ltd.
  30. Rizhao Lushan Baoli Petroleum Co., Ltd.
  31. Qingdao Anbang Petrochemical Co., Ltd.
  32. Linyi Shiyuan Import and Export Co., Ltd.
  33. Liaohe Oilfield Import and Export Corporation
  34. Jinao Technology (Hubei) Chemical Co., Ltd.
  35. Jilin Zhongzhou Energy Import and Export Co., Ltd.
  36. Huaxia International Petroleum Co., Ltd.
  37. East China Blue Ocean Petrochemical Group Co., Ltd.
  38. Hubei Shuanghuan Technology Co., Ltd
  39. Heilongjiang Oceanic International Trade Co., Ltd.
  40. Harbin Railway Bureau Foreign Economic and Technical Cooperation Corporation
  41. Guangzhou Yuanheng Energy Co., Ltd.
  42. Guangdong Petroleum Enterprise Group Corporation Southern Petrochemical Co., Ltd.
  43. Dongying Shenghong Real Estate Development and Investment Co., Ltd.
  44. Dongying Kailai Import and Export Co., Ltd.
  45. Beijing Zhongyou Changda Petroleum Co., Ltd.
  46. Xinjiang Sanda International Trade Co., Ltd.
  47. Xinjiang Wanda Co., Ltd.
  48. Xinjiang Yaxin International Trade Co., Ltd.
  49. Xinjiang Weilong Energy Development Co., Ltd.
  50. Xinjiang Huashiyu Industry and Trade Co., Ltd.
  51. Xinjiang Aoshengyuan International Trade Co., Ltd.
  52. Xinjiang Zhongyu Bioenergy Co., Ltd.
  53. Xinjiang Modern Petrochemical Co., Ltd.
  54. Xinjiang Huaye Chemical Development Co., Ltd.
  55. Horgos PetroChina International Industrial Co., Ltd.
  56. Xinjiang Xinghai Tengda International Trade Co., Ltd.
  57. Xinjiang Jinta Investment (Group) Co., Ltd.
  58. Urumqi International Economic and Trade Company Alashankou Company

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 01 Jan 2011 | Removal date: open ended
Still in force

Import licensing requirement

Also in the announcement was included a list of the following non-state firms whose fuel oil import permission was not renewed:

  1. Tianjin Lanhe Petroleum Sales Co., Ltd.
  2. China Petroleum International Business Co., Ltd.
  3. Baona Resources Holdings (Group) Co., Ltd.
  4. Shandong Blue Sky Chemical Trading Co., Ltd.
  5. Taidi Petrochemical Group Co., Ltd.
  6. Shenyang Lotte Oil Distribution Co., Ltd.
  7. Shenyang Lotte Oil Distribution Co., Ltd.
  8. Tianjin Lanhe Petroleum Sales Co., Ltd.

The reasons provided for this are largely due to the firms not submitting the correct documents, or failing to meet the import requirements in the previous year.