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UPDATE 1-China more than doubles 2016 non-state crude import quota to 1.75 mln bpd

2015-10-31 05:10:48| Oil & Gas - Topix.net

China has more than doubled its non-state crude oil import quota for 2016 to 87.6 million tonnes, or 1.75 million barrels per day , as Beijing seeks to boost competition and attract private investment in its oil industry. The 2016 quota issued by the Ministry of Commerce on Friday compared to this year's figure of 37.6 million tonnes.

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