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China awards first oil product export quotas for 2021

  • Spanish Market: Oil products
  • 28/12/20

The Chinese government has issued its first batch of oil products export quotas for 2021, to six state-controlled firms — PetroChina, Sinopec, CNOOC, Sinochem, CNAF and Norinco's 120,000 b/d Huajin refinery, as well as private-sector Rongsheng's 800,000 b/d ZPC refinery.

The government awarded 29.5mn t of quotas in the latest batch, up by 1.51mn t or 5pc from the first batch in 2020. A breakdown by gasoline, diesel and jet fuel has not been announced.

The year-on-year growth mainly reflects the awards to ZPC and Huajin, which have been granted 2mn t and 150,000t respectively under general trade terms. These two firms have been added to the recipient list since the award of the third batch of quotas for 2020.

The quotas granted to the five other firms are down by 646,000t or 2pc on the year to 27.35mn t. State-controlled firms have struggled to use up their quotas and are likely to only run through 80pc of their allowances for 2020 because of poor export margins and weak demand from overseas.

The quotas cover both general trade and exports under third-party processing deals. The general trade quotas total 26.17mn t, 1.62mn t higher than a year earlier. PetroChina and CNOOC received 7pc and 14pc more quotas than last year respectively, while Sinopec, Sinochem and aviation fuel distributor CNAF received less. CNAF's jet fuel quota halved from a year earlier to 30,000t, amid a much slower recovery in aviation sector jet fuel demand compared to road fuels gasoline and diesel.

Quotas granted for third-party processing deals total 3.33mn t, lower by 110,000t or 3pc from the first batch this year. The quotas are shared among Sinopec, PetroChina and Sinochem, with 2.4mn t, 800,000t and 130,000t respectively. CNOOC was awarded 100,000t in last year's first batch but was not included in the latest list.

China's 2021 oil products export quotas, first batch'000 t
General tradeThird-party processingTotal± vs 2020 first batch
PetroChina9,0108009,810610
Sinopec9,6702,40012,070-1,290
CNOOC2,83802,838254
Sinochem2,4681302,598-190
CNAF30030-30
ZPC2,00002,0002,000
Norinco1500150150
Total26,1663,33029,4961,504

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22/01/25

Syria issues first post-Assad oil tenders

Syria issues first post-Assad oil tenders

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Winter storm shuts asphalt terminals, hits demand


21/01/25
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Texas, Louisiana ports closed by winter storm: Update


21/01/25
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Texas, Louisiana ports closed by winter storm: Update

Updates status of operations at Port Houston facilities. Houston, 21 January (Argus) — Ports in Texas and Louisiana remained closed to shipping traffic Tuesday afternoon due to a winter storm, a shipping agent said. Marine pilots suspended boardings at the Texas ports of Houston, Galveston, Texas City and Freeport late on 20 January. Traffic also was halted at the Sabine-Neches Waterway on the Texas-Louisiana border, which offers access to terminals and refineries in Port Arthur and Beaumont, Texas, as well as Cheniere's Sabine Pass liquefied natural gas terminal. Pilots also halted traffic at the Louisiana port of Lake Charles late on 20 January. Port Houston facilities, which include eight public terminals on the Houston Ship Channel, will remain closed through Wednesday, according to statement from port officials. Vessel operations may resume at container terminals on Wednesday evening, the statement said. By Tray Swanson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Major NOLA terminals closed for winter storm


21/01/25
21/01/25

Major NOLA terminals closed for winter storm

Houston, 21 January (Argus) — The port of New Orleans remains closed on Tuesday afternoon due to US Gulf coast snow storms, causing terminals to shut or declare force majeures. Port officials cut off water supplies to port facilities beginning 19 January because of freezing temperatures, significant snowfall and high winds forecast by the National Weather Service (NWS). Operations are expected to be down at least for the rest of today. Host's United Bulk Terminal location at Nola declared force majeure on 20 January because of an expected 3-6 inches of snowfall. The port of Lake Charles in Louisiana also closed on 20 January and the Sabine-Neches Waterway on the Texas-Louisiana border was closed on 21 January. Associated Terminals at Nola closed its doors early on 21 January due to the storm. The company said vessels will be discharged once weather conditions improve and personnel are able to return to the site, but did not give a specific date. Major barge line ARTco, the transportation arm of ADM, shut down operations as well and is anticipated to return to 22 January if weather permits. CGB Barge has also halted operations in New Orleans and is waiting for conditions to improve before resuming work. Arctic conditions are anticipated at the port through Thursday, according to the NWS. Travel will be hazardous due to the snow, ice and wind chill of up to 20mph. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Germany's Miro CDU outage tightens products supply


21/01/25
21/01/25

Germany's Miro CDU outage tightens products supply

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