China issues 1.5 MMt of crude oil import quotas to 3 independent refiners
11/27/2017 8:23:26 AM
China has issued crude oil import quotas of 1.5 MMt to three independent refiners, three sources familiar with the situation said on Saturday, the latest sign Beijing is easing its policy towards these companies sometimes known as teapots.
Shandong Qingyishan Petrochemical Technology Co was granted a quota of 800 Mt, Zibo Xintai Petrochemical Co was given 500 Mt and Shandong Yuhuang Shengshi Chemical Co a quota of 200 Mt, the sources said, citing a Ministry of Commerce notice. They declined to be identified as they are not authorised to speak to the press. (Reporting by Chen Aizhu; Additional reporting by Shu Zhang in BEIJING; Writing by Josephine Mason; Editing by Christian Schmollinger)
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