SINGAPORE : China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30per cent, industry sources told Reuters on Tuesday.
Quotas for refined fuel exports totalled 13 million tonnes under the batch, down 56per cent from 29.5 million tonnes for the first allotment of 2021. Most of the latest quotas were granted to state-run firms including China National Petroleum Corp , China Petrochemical Corp, or Sinopec, China National Offshore Oil Company, Sinochem Group and China National Aviation Fuel, said the sources, who asked not to be named as they are not authorized to speak to the press.
Separately, the government issued 6.5 million tonnes of quotas for exporting low-sulphur fuel oil, used primarily as marine bunker fuel. That was up 30per cent from the 5 million tonnes released in the first batch of 2021. China's Ministry of Commerce, which is responsible for quota releases, did not immediately respond to a request for comment.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia, China, Britain, US and France say no one can win nuclear warstraits_times Australia obviously think it can. It just bought a whole bunch of nuclear submarines. Asians know that from what happened in Hiroshima and Nagasaki. The US should stop stirring up shit in the South China Sea. They won't like it if Chinese warships are parked outside California.
Source: STForeignDesk - 🏆 4. / 71 Read more »
In New Year's speech, Taiwan president warns China against 'military adventurism'TAIPEI - Taiwan President Tsai Ing-wen had a New Year message for China on Saturday (Jan 1): military conflict is not the answer, but Beijing responded with a stern warning that if Taiwan crossed any red line it would lead to 'profound catastrophe'. China claims democratically governed Taiwan as its own territory and has increased military and diplomatic pressure in...
Source: asiaonecom - 🏆 10. / 59 Read more »
Coronavirus: China removes two officials from Xi'anOrigin of Covid-19 coronavirus. The WHO must investigate all evidence especially in countries where there are early reports of the coronavirus appearing.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Embattled China Evergrande shares halt tradingHONG KONG :China Evergrande Group shares will be suspended from trading on Monday, the embattled property developer said without giving a reason. Evergrande, the world's most indebted developer, is struggling to repay more than US$300 billion in liabilities, including nearly US$20 billion of international mar
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China reports 161 new COVID-19 casesBEIJING: China reported 161 confirmed coronavirus cases for Jan 2, down from 191 a day earlier, the country\u0027s health authority said on Monday (Jan 3). Of the new infections, 101 were locally transmitted, according to a statement by the National Health Commission, down from 131 a day earlier. Most
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »