NEWS: The Chinese government issued 2 million 930 thousand tons of extra refining in 2
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Documents seen by Reuters on Friday showed that China issued an additional 2.93 million tons of refined oil export quotas for 2018.
The new quotas are for state-owned enterprises, including China National Petroleum and Natural Gas Corporation, China Petroleum and Chemical Corporation, China National Offshore Oil Corporation, China National Petrochemical Corporation and China Aviation Oil Company Limited, according to people directly informed. The new quota will remain valid until the end of this year.
The document shows that the new quota includes 1 million 600 thousand tons of aviation kerosene, 740 thousand tons of gasoline and 590 thousand tons of diesel oil.