China's Second Batch of Fuel Export Quotas Matches First Allocations

China has allocated more export quotas for refined petroleum products for 2024, issuing a second batch that nearly matches the volumes in the first batch. China has recently issued 18 million metric tons of fuel export quotas in the second batch of allocations for this year, Chinese trade sources and consultancies told Reuters on Tuesday.

In the first batch for 2024, Chinese authorities issued the first batch of fuel export quotas at the end of 2023. The volumes in the batch were basically unchanged from the first batch of allowances for 2023. In the first batch for 2024, Chinese authorities allocated a total of 19 million tons, mostly to top state-owned refining giants Sinopec and CNPC. The volume allowed for exports in the first batch is the same as the first batch for 2023.

Refinery Petroleum Production Batch Allocation Fuel Export Quotas

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