SINGAPORE : China issued a second batch of 2023 crude oil import quotas, according to two sources with knowledge of the matter and documents reviewed by Reuters on Monday, raising the total for this year by 20 per cent compared to the same time last year. According to the document from the Ministry of Com
SINGAPORE : China issued a second batch of 2023 crude oil import quotas, according to two sources with knowledge of the matter and documents reviewed by Reuters on Monday, raising the total for this year by 20 per cent compared to the same time last year.
Combined with the 20 million tonnes in 2023 quotas granted to 21 refineries in October, that takes the total for this year to 131.82 million tonnes, up from the 109.03 million tonnes issued in the first batch for 2022. The second batch of quotas for 2022 was released in June last year. Zhejiang Petrochemical Corp , which operates China's biggest privately-owned refinery site, was granted the largest quota of this batch at 20 million tonnes, on par with last year's issuance, according to the documents.
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