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Insight | Time: Oct 15 2021 4:07PM
China issues 4th round of crude oil import quotas
 
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China's Ministry of Commerce has recently issued 14.89 million tons of crude oil import quotas to non-state refiners in a fourth batch of allowances for 2021. The four rounds of quotas have been all issued with a total of 177.14 million tons, down 4% year on year. 


In addition, Zhejiang Petroleum and Chemical has received its 20 million tons for 2021 and is expected to receive additional quota soon. 

 

Company 1st 2nd 3rd 4th 2021 Total 2021 quota Issued/quota % 2020 issued 2020 quota Refining capacity
Dongming Petrochemical 5,250 2,250

7,500 7,500 100% 7,500 7,500 8,000
Panjin Beiran 3,500 1,750

5,250 7,000 75% 7,000 7,000 7,000
Sinochem Hongrun 3,710 1,590

5,300 5,300 100% 5,300 5,300 5,700
Kenli Petrochemical 1,760 380
380 2,520 2,520 100% 2,520 2,520 3,000
Lijin Petrochemical 2,450 530
520 3,500 3,500 100% 3,500 3,500 3,500
Yatong Petrochemical 1,380 1,380

2,760 2,760 100% 2,760 2,760 3,500
Pagoda Petrochemical




2,160 0%
2,160 3,500
Huifeng Petrochemical 2,910


2,910 4,160 70% 4,160 4,160 5,800
Tianhong Chemical 3,080 660
660 4,400 4,400 100% 4,400 4,400 5,000
Luqing Petrochemical 1,810 770

2,580 2,580 100% 2,580 2,580 3,000
Chambroad Petrochemical 2,330 490
490 3,310 3,310 100% 3,310 3,310 3,500
Qirun Chemical 1,540 660

2,200 2,200 100% 2,200 2,200 2,200
Haiyou Petrochemical 2,240


2,240 3,200 70% 3,200 3,200 3,800
Wudi Xinyue 960 720
720 2,400 2,400 100% 2,400 2,400 2,400
Hengyuan Petrochemical 1,750 1,750

3,500 3,500 100% 3,500 3,500 3,800
Qingyuan Group 2,830


2,830 4,040 70% 4,040 4,040 3,000
Hebei Xinhai 2,600 560
560 3,720 3,720 100% 3,720 3,720 6,000
Shandong Jincheng 2,100 450
450 3,000 3,000 100% 3,000 3,000 5,900
Shandong Shenchi 1,760 380
380 2,520 2,520 100% 2,520 2,520 3,500
Hikerlin 1,470 630

2,100 2,100 100% 2,100 2,100 1,500
Zhonghai Chemical 1,300


1,300 1,860 70% 1,860 1,860 2,300
Henan Fengli 890 1,330

2,220 2,220 100% 2,220 2,220 1,600
Shaanxi Yanchang 2,520 540

3,060 3,600 85% 3,600 3,600 20,000
Hubei Jinao 1,610 350
340 2,300 2,300 100% 2,300 2,300 1,800
Landbridge Petrochemical 1,260 540

1,800 1,800 100% 1,800 1,800 3,500
Shengxing Petrochemical 1,540 660

2,200 2,200 100% 2,200 2,200 2,000
Qicheng Petrochemical 1,120 240
240 1,600 1,600 100% 1,600 1,600 4,200
Oriental Hualong 1,500 750 750
3,000 3,000 100% 3,000 3,000 3,200
Dalian Jinyuan 400 400

800 800 100% 800 800 800
Yuhuang Shengshi




1,440 0% 1,440 1,440 3,000
Xintai Petrochemical 1,400 600

2,000 2,000 100% 2,000 2,000 2,200
Qingyishan Petrochemical 2,100


2,100 3,000 70% 3,000 3,000 3,000
PetroChina International 830


830

830

PetroChina International Guangxi 350


350

350

PetroChina International Horgos 450


450

450

PetroChina International Alashankou 320


320

320

Sinopec International Petroleum Exploration and Development Corp 400


400

400

Sinopec Zhanjiang Dongxing Petrochemical Co., Ltd.






920
5,000
Fujian Refining and Petrochemical Co., Ltd. 80 20

100

80

CNOOC Trading Co., Ltd. 220


220

220

North Huajin Chemical Industry Group 5,810 1,250
1,240 8,300

8,300
5,000
Zhenhua Petroleum Holdings Co., Ltd. 40


40

40

ChemChina 11,980 2,570
2,570 17,120 20,000 86% 17,120
17,000
Huayue Group Co., Ltd. 360


360

360

Heilongjiang United Oil & Chemical Co., Ltd. 90


90

90

Erenhot Gaolu Foreign Economic and Trade Co., Ltd. 160


160

160

PetroChina Fuel Oil Co., Ltd.



0

160

Sinochem Energy Co., Ltd. 640


640

640

China Xieli Energy Trading Co., Ltd. 130


130

130

Dragon Aromatics 2,000 1,000
1,000 4,000

3,500

Hengli Petrochemical 14,000 3,000
3,000 20,000 20,000 100% 20,000 20,000 20,000
Zhejiang Petroleum and Chemical Co., Ltd 14,000 3,000 3,000
20,000 20,000 100% 20,000 20,000 40,000
Fuyu Petrochemical 1,150 250

1,400 1,640 85% 1,640 1,640 2,200
Hualian Petrochemical 1,190 260 250
1,700 1,700 100% 1,700 1,700 6,200
Haike Chemical 670 290

960 960 100% 960 960 800
Jiangsu Xinhai 1,610 350
340 2,300 2,300 100% 2,300 2,300 3,000
Kelida Petrochemical 1,050 450

1,500 1,500 100% 1,500 1,500 2,200
Chengda New Energy 1,050 1,050

2,100 2,100 100% 2,100 2,100 3,000
Wantong Chemical 980 970

1,950 1,950 100% 1,950 1,950 5,800
United Petrochemical (Dongying) 1,960 420 420
2,800 2,800 100% 2,800 2,800 4,200
Shenghong Refining & Chemical


2,000 2,000




Total 122,590 35,240 4,420 14,890 177,140 172,640 103% 184,550 152,640 245,600


[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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