Rules for new crude import quotas

摘要

Singapore-China’s National Development and Reform Commission on Monday issued new guidelines for companies wishing to apply for crude oil import quotas. Below is a summary of the main rules for refiners interested in acquiring a quota: Only refiners that are not currently licensed to use imported crude oil may apply. Refiners must have at least one CDU larger than 2 million mt/year (40,000 b/d) in capacity to qualify.