Bloomberg News

China Sets Private Fuel-Import Quota at 16.2 Million Tons

October 12, 2011

(Updates with previous quotas in third paragraph.)

Oct. 12 (Bloomberg) -- China kept its oil-product import quota for non-state companies unchanged for 2012.

Qualified private companies will be allowed to import as much as 16.2 million metric tons of oil products next year, the same as for 2011, the Ministry of Commerce said in a statement on its website.

China increased the oil-product import quota for independently owned companies to 14.09 million tons in 2010 from 11.25 million tons in 2009.

--Editors: Paul Gordon, Mike Anderson

To contact the reporter on this story: Bloomberg News in Shanghai at wzhu4@bloomberg.net

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


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