China’s Ministry of Commerce said Nov. 2 that qualified refineries and trading companies will be able to apply for up to 243 million mt (4.86 million b/d) of crude oil import quotas for 2021 by Nov. 15. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The 2021 import quota ceiling volume of 243 million mt is 41 million mt, or 20.3%, higher than the 202 million mt set for 2020 and 2019, according to S&P Global Platts calculations based on ministry statements. Refinery sources said the incremental volume of 41 million mt should cover the feedstock requirements for the new 20 million mt/year phase 2 project of the Zhejiang Petroleum & Chemical in Zhejiang province, as […]