China Grants Crude Import Licenses to Two Zhejiang-based Firms
China granted first crude oil imports licence to private trading firm in January at an aim to open up its crude market.
SEATTLE (Oil Monster): China’s commerce ministry granted crude oil import licences to two Zhejiang-based petroleum companies in eastern China, the ministry said on its website on Tuesday.
Zhejiang Petroleum & Chemical Co, a joint-venture led by private-owned Rongsheng Petrochemical Co, and Zhejiang Petroleum Trading, an oil trading joint-venture formed by commodities trader Glencore and a Zhejiang government-backed firm, will be received crude oil import licences on Oct. 14 from the ministry if no objection from the public.
China granted first crude oil imports licence to private trading firm in January at an aim to open up its crude market.
Courtesy: www.reuters.com
Track the prices behind the story
Daily prices for 281 crude grades, Brent–Dubai spreads, history back to 2009 and Excel downloads.
