China · Regulatory
Crude oil in China
Restricted: government / monopoly route
Crude imports controlled via MOFCOM quota system. State majors (Sinopec, CNPC, CNOOC, Sinochem) hold structural quotas; independent 'teapot' refiners (Shandong) receive annual NDC allocations. Private quota holders also exist (Hengli, Zhejiang Petrochemical, Shenghong).
Compiled regulatory guidance from OilFlow Network, not legal advice. Rules change; confirm with the relevant national regulator before structuring a deal.
Frequently asked
- Can private companies import Crude oil into China?
- No. Crude imports controlled via MOFCOM quota system. State majors (Sinopec, CNPC, CNOOC, Sinochem) hold structural quotas; independent 'teapot' refiners (Shandong) receive annual NDC allocations. Private quota holders also exist (Hengli, Zhejiang Petrochemical, Shenghong).
- What license is typically required?
- Crude imports controlled via MOFCOM quota system. State majors (Sinopec, CNPC, CNOOC, Sinochem) hold structural quotas; independent 'teapot' refiners (Shandong) receive annual NDC allocations. Private quota holders also exist (Hengli, Zhejiang Petrochemical, Shenghong).
- Does OilFlow screen Crude oil counterparties against China rules?
- Yes. The free name check on this page and the paid Counterparty Screen both read this same rule row; a private Crude oil deal into China is flagged automatically when this page says blocked or restricted.
Other products in China
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