Commerce Ministry announces 2027 non-state crude oil import quota, conditions and procedures
The Ministry of Commerce announced the total quantity, application conditions and procedures for 2027 non-state-owned crude oil imports. The announcement was made according to China's Regulations on the Administration of the Import and Export of Goods and China's WTO accession commitments.
商务部公布2027年原油非国营贸易进口允许量总量、申请条件和申请程序
商务部公布2027年原油非国营贸易进口允许量总量、申请条件和申请程序。该公告依据《中华人民共和国货物进出口管理条例》和我国加入世贸组织的承诺作出。
Why it matters: The announcement sets the annual crude oil import quota for non-state-owned traders in 2027, a routine trade-policy instrument that determines how much private refiners can import outside the state system.