PetroChina ordered to stop trading off oil quotas with independent refineries

PetroChina ordered to stop trading off oil quotas with independent refineries
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09.06.2021

MOSCOW (MRC) -- Chinese authorities have ordered a unit of state-run PetroChina to stop trading off crude oil import quotas with local refineries as part of a crackdown on excessive fuel production, a move that could cut the country's crude imports by 3%, reported Reuters with reference to sources.Beijing has stepped up scrutiny of crude oil quota use and imports by state and private firm

Full article at mrcplast.com

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