China · Regulatory
Crude oil in China
Status
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).
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 listings against China rules?
- Yes. OilFlow's matching engine blocks impossible listings — for example, a private buyer-side Crude oil listing into China will be rejected automatically if this page says blocked or restricted.
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