Most state-owned refiners contacted by Platts said their existing oil product export quotas are sufficient for November and December, although a few Sinopec refineries might need to apply for fresh quotas. China exported 16.87 million mt of gasoline, gasoil and jet fuel over January-September, up 21.3% year on year. The government has issued four batches of quotas for a total of 28.65 million mt in oil products exports this year, up 47% year on year, indicating around 11.78 million mt of quotas remain for use in the fourth quarter. Chinese state-owned refiners must apply for quotas from the government to export refined products. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly API statistics, and much more […]