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China Issues 4th Batch of LSFO Export Quotas

OIL

China has issued a 4th batch of low-sulfur fuel oil export quotas according to consultant OilChem.

  • China has issued 2.75m ton of LSFO export quotas to Sinopec 1.19m tons, PetroChina 1.32m tons, CNOOC 210k tons, Sinochem 10k tons and ZPC 20k tons
  • China has issued a total of 15m tons of LSFO quotas this year

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