OFAC · UN · EU · UK sanctions screenedZero-retention AIGDPR · CCPA program
BRENT100.60+0.54|WTI94.94+0.13|DUBAI98.60|ULSD163.12+2.83|MOGAS140.87+2.02|HH2.75-0.02|VLSFO820.00-9.50|MGO1247.50+14.00|JET A-1174.85+2.90|LPG38.43+1.30|BR-WTI5.66|BR-DB2.00|USGC TO NW EUROPE / MED+2.10/bbl|SAUDI ARABIA TO INDIA (WEST COAST)+1.40/bbl|USD/PKR280.10|USD/AED3.67|
All China products

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.

OilFlow's matching engine enforces these rules automatically — verified counterparties see only deals that can legally clear.