China set to issue first-ever export quotas for VLSFO of 10 mln tons for 2020

MOSCOW (MRC) -- China is set to release its first-ever quotas to export very low sulfur fuel oil (VLSFO) with total volumes of 10 million tons for this year, reported Reuters with reference to six industry officials with knowledge of the matter.The quotas, which followed Beijing's policy in January to offer tax sweeteners to boost local production of the fuel, paves the way for Chinese re

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