How Do I Become an Oil Importer?

Crude oil imports refer to the petroleum crude oil resource imports of a country. According to data from the customs, China s domestic crude oil imports in 2012 [1] amounted to approximately 271 million tons, a year-on-year increase of 6.8%; while the amount of crude oil imports reached US $ 220.67 billion, a year-on-year increase of 12.1%.

Crude oil imports

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Crude oil imports refer to the petroleum crude oil resource imports of a country. Data from customs, China's domestic crude oil imports in 2012 [1]
Chinese crude oil imports
Data from customs, domestic crude oil imports in 2012 [1]
The "Rules for the Use of Imported Crude Oil" is expected to be published. According to people close to the discussion of the plan, the approval details for the highly concerned geochemical refinery to obtain the right to use imported crude oil have been discussed, and it is expected to be released on April 25, 2014. The new plan may use an "authentication" mechanism similar to the annual review to allow qualified refining companies to obtain quotas for the use of imported crude oil, so as to achieve the dual purposes of granting fair competition conditions and standardizing refining operations. This is an important part of the release of the energy monopoly on the chain. Market participants generally expect that the approval of refining to obtain the right to use imported crude oil is expected to officially begin, and the oil reform may take an important step. [2]

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