China’s independent refineries were awarded late Thursday a second batch of crude import quota allocations for 2018 totaling 9.68 million mt for 20 refiners, bringing the total quota allocated to the independent sector to 129.23 million mt for the year to date, refining sources told S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The year-to-date allocation is about 31.4% higher from 98.34 million mt allocated to 33 refineries last year. With the allocation from the Ministry of Commerce (MOFCOM), independent refiners will be able to bring in more crude barrels for refining in the second half of the year. Adding the new allocations, ChemChina would get a total quota of 18.5 million mt, up 23.5% from its volume of 15 million mt/year last year, while the majority are getting 100% of their allocations. But Wudi Xinyue Petrochemical only gets a […]