ANNOUNCEMENT 26 May 2015

May 26th, 2015 - 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, May 26th, 2015. (商务部关于公布2015年第一批成品油(燃料油)非国营贸易进口企业名单的通知)
http://www.mofcom.gov.cn/article/b/e/201507/20150701031855.shtml

Inception date: 26 May 2015 | Removal date: open ended
Still in force

Import licensing requirement

In May 2015, the Chinese government added 32 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. China Materials Storage and Transportation Corporation
  2. Zhongjing International Energy Investment Management Group Co., Ltd.
  3. Hebei Longsheng Metal Mineral Co., Ltd.
  4. Dalian Agricultural Reclamation Beidahuang International Trade Co., Ltd.
  5. Dalian Leilei Petrochemical Co., Ltd.
  6. Zhongneng (Dalian) Coal Industry Co., Ltd.
  7. Haihua Trading Group Co., Ltd.
  8. China Storage Development Co., Ltd.
  9. Yuzhong Hongyuan International Trade Co., Ltd.
  10. Wanxiang Resources Co., Ltd.
  11. Jiangsu Guotaihua Industrial Co., Ltd.
  12. Nanjing Qingjiang Petrochemical Distribution Co., Ltd.
  13. Sumeda International Technology Trading Co., Ltd.
  14. Wanxiang Resources (Zhoushan) Co., Ltd.
  15. Mido Energy Co., Ltd.
  16. Zhejiang Property Zhongdayuan Group Co., Ltd.
  17. Ningbo Port International Trade Co., Ltd.
  18. Ningbo Zhongjin Petrochemical Co., Ltd.
  19. Fujian Commercial (Group) Co., Ltd.
  20. Fujian New Century Economic Development Co., Ltd.
  21. Lichen Logistics Co., Ltd.
  22. Linyihe Petrochemical Co., Ltd.
  23. Shandong Haiyi Energy Co., Ltd.
  24. Shandong Wantong Group Dongying Haixin Warehousing Co., Ltd.
  25. Zibo Yiwei Import and Export Co., Ltd.
  26. Chengfa Investment Group Co., Ltd.
  27. Guangdong Fuel Company
  28. Chongqing Lifan Industry (Group) Import and Export Co., Ltd.
  29. Gansu Wanda Huitong Trading Co., Ltd.
  30. Ningxia Baota Petrochemical Group Co., Ltd.
  31. Ningxia Legend Energy Investment Co., Ltd.
  32. Xinjiang Xintou Energy Development Co., Ltd.

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AFFECTED PRODUCTS