China’s Ministry of Commerce is expected to award the independent refining sector with oil products export quotas next year as Beijing steps up efforts to support private companies to play a bigger role in the economy, industry sources and market participants said Monday. The government recently held a meeting with multiple state-owned refiners in Beijing to inform them about possible changes to oil products export participants in 2020, two sources with close knowledge of the matter told S&P Global Platts last week. “We expect the government to release the first batch of oil product export quota allocations for 2020 [later] this week, one of the sources […]