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
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)
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: