China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. It contrasted to the 9.75 million mt released for the same period last year. In addition to the traditional quota winners, the state-owned oil majors, five new qualified refineries also get their first batch of a total 430,000 mt quota for oil products exports. This volume comprised of 250,000 mt of gasoline and 180,000 mt of gasoil. A total of 330,000 mt of quotas were given to four independent teapot refineries — Lijin Petrochemical, Yatong Petrochemical, Sinochem Hongrun and Dongming Petrochemical — in eastern Shandong province. 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 […]