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China Releases First Batch of 2023 Oil Import Quotas

OIL

China has issued the first batch of crude oil import quotas for 2023, mainly for independent refiners according to Reuters sources.

  • The volume issued is about 20 million tonnes (146 million barrels), one source said.
  • Last month, Beijing issued a third batch of quotas for 2022 that raised its non-state import quotas to 164.61 million tonnes this year.

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