ANNOUNCEMENT 20 Mar 2014

March 20th, 2014 - 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, March 20th, 2014. (关于公布2014年第二批燃料油非国营贸易进口允许量申请材料审核有关情况的通知)
http://www.mofcom.gov.cn/article/b/e/201403/20140300523485.shtml

Inception date: 20 Mar 2014 | Removal date: open ended
Still in force

Import licensing requirement

In March 2014, the Chinese government added 21 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 added:

  1. Henan Fengli Petrochemical Co., Ltd.
  2. Heilongjiang Snow Petroleum International Trading Co., Ltd.
  3. Wuzhou Danzong Technology Co., Ltd.
  4. Qingdao Guoxing Energy Co., Ltd.
  5. Qingdao Tiger International Logistics Co., Ltd.
  6. Shandong Lujin Import and Export Group Co., Ltd.
  7. Dongying Haike Ruilin Chemical Co., Ltd.
  8. China National Technology Import and Export Corporation
  9. Dongying Haixing Chemical Co., Ltd.
  10. Lucerne Energy Co., Ltd.
  11. Lijin Senhua Chemical Co., Ltd.
  12. Linyi Zhongyi Import and Export Co., Ltd.
  13. Rizhao Fengze International Trade Co., Ltd.
  14. Rizhao Tengtu Investment Co., Ltd.
  15. Rizhao Zhongrui Property Co., Ltd.
  16. Shandong Xingtai Changlong International Trade Co., Ltd.
  17. Shandong Ruihai Industrial Co., Ltd.
  18. Shandong Yancoal Rizhao Port Storage and Coal Blending Co., Ltd.
  19. Weihai Yiwei Food Processing Co., Ltd.
  20. Chongqing Shangtou Petrochemical Co., Ltd.
  21. Chongqing Xinjinhang International Trade Co., Ltd.

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AFFECTED PRODUCTS