ANNOUNCEMENT 19 Dec 2017
December 19th, 2017 - 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, December 19th, 2017. (商务部关于公布2017年第二批成品油（燃料油）非国营贸易进口企业的通知)
In, the Chinese government added the following two non-state firms to the roster of those allowed to import fuel oil for refining:
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.