ANNOUNCEMENT 20 Nov 2012

November 20th, 2012 - The Chinese government published a list of non-state enterprises officially sanctioned to import fuel oil for refining.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

PRC Ministry of Finance, November 20th, 2012. (关于公布2013年成品油(燃料油)非国营贸易进口允许量申请企业审核情况的通知)
http://www.mofcom.gov.cn/aarticle/h/redht/201211/20121108442802.html

Inception date: 01 Jan 2013 | Removal date: open ended
Still in force

Import licensing requirement

In November 2012, the Chinese government added 29 following non-state firms to the roster of those allowed to import fuel oil for refining (see below for full list), starting from 2013.

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 added:

  1. Dongying Shengxing Chemical Co., Ltd.
  2. Hebei Xinqiyuan Energy Technology Development Co., Ltd.
  3. Henan Yali Petrochemical Co., Ltd.
  4. Hengtian Venture Capital Co., Ltd.
  5. Hunan Xindaxin Co., Ltd.
  6. Jiangsu Overseas Enterprise Group Co., Ltd.
  7. Golden Monkey International Holdings Limited
  8. Guangsha (Zhoushan) Energy Group Co., Ltd.
  9. Inner Mongolia Baotie Petrochemical Co., Ltd.
  10. Ningbo Keyuan Plastic Co., Ltd.
  11. Qingdao Jinheng Haili International Trade Co., Ltd.
  12. Rongcheng Western Petroleum Co., Ltd.
  13. Shandong Dongfang Hualong Industry and Trade Group Co., Ltd.
  14. Shandong Hengyuan Petrochemical Co., Ltd.
  15. Shandong Energy International Trading Co., Ltd.
  16. Shandong Petrochemical Co., Ltd.
  17. Shandong Shengkai Petrochemical Co., Ltd.
  18. Shandong Shouguang Luqing Petrochemical Co., Ltd.
  19. Shidao Xingang Port Co., Ltd.
  20. Weihai Yufeng Energy Co., Ltd.
  21. Changchun Xinda Petroleum Group Co., Ltd.
  22. Zhejiang Herong Industrial Co., Ltd.
  23. Zhejiang Pangxin Power Energy Co., Ltd.
  24. Zhuhai Huafeng Petrochemical Co., Ltd.
  25. Anhui Fengyuan International Trade Co., Ltd.
  26. Shandong Dongchen Import and Export Co., Ltd
  27. CSIC Complete Logistics Co., Ltd.
  28. Shandong Yangguang Asphalt Co.
  29. Yunnan Xinbao Oil Products Group Co., Ltd.

AFFECTED SECTORS

 

AFFECTED PRODUCTS