ANNOUNCEMENT 01 Jul 2014

July 1st, 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, July 1st, 2014. (关于2014年第三批燃料油非国营贸易进口申请企业有关情况的公示)
http://www.mofcom.gov.cn/article/h/zongzhi/201407/20140700647122.shtml

Inception date: 01 Jul 2014 | Removal date: open ended
Still in force

Import licensing requirement

In July 2014, the Chinese government added 30 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. Anhui Grain, Oil and Food Import and Export (Group) Co., Ltd.
  2. Huayou Haiye International Petroleum (Beijing) Co., Ltd.
  3. Hejian Zhongde Chemical Technology Co., Ltd.
  4. Hulin Xincheng Industrial Co., Ltd.
  5. Jiangsu Overseas Group International Technology Engineering Co., Ltd.
  6. Ningbo Ruida International Trade Co., Ltd.
  7. Qingdao Bo Yue International Trade Co., Ltd.
  8. Anhui Huantai Metal Minerals Import and Export Co., Ltd.
  9. Qingdao Henglihua International Trade Co., Ltd.
  10. Qingdao Zode International Trade Co., Ltd.
  11. Shandong Shipping International Trade Co., Ltd.
  12. Xiwang International Trade (Qingdao) Co., Ltd.
  13. Lijin Petrochemical Factory Co., Ltd.
  14. Rizhao Dianye International Trade Co., Ltd.
  15. Rizhao Port Group Logistics Co., Ltd.
  16. Rizhao Pengda International Trade Co., Ltd.
  17. Rizhao Industrial Group Co., Ltd.
  18. Shandong Haiyue Chemical Co., Ltd.
  19. Shandong Qinglan New Energy Development Co., Ltd.
  20. Shandong Sanhao Industrial Co., Ltd.
  21. Shandong Shida Technology Petrochemical Co., Ltd.
  22. Weihai Changtong Energy Co., Ltd.
  23. Yankuang International Trade (Shandong) Co., Ltd.
  24. Sichuan Ruiyuan Petrochemical Co., Ltd.
  25. China Railway Materials Trading (Shanghai) Co., Ltd.
  26. Xinjiang Meihui Special Petrochemical Products Co., Ltd.
  27. Yunnan Luda Caizhi Industrial Co., Ltd.
  28. Zhejiang Oriental Group Co., Ltd.
  29. Zhoushan Century Pacific Chemical Co., Ltd.
  30. Xinjiang Baihua Village Co., Ltd.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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