China In-Focus — Asian giant issues new oil import quotas for private refineries; Sinopec produces first biojet fuel

BEIJING: China has issued 52.66 million tons of crude oil import quotas to non-state refiners in a second batch of allotments for 2022, up 49 percent from the same slot last year, four people with knowledge of the matter said. The new allowances bring China 's total non-state import quotas to 161.69 million tons so far this year, compared to 157.83 million tons during the same period of 2021. Thirty-six refiners have been granted the quotas , with mega-refinery Zhengjiang Petroleum and Chemical Corp. and Hengli Petrochemical receiving the most, at 10 million tons and 6 million tons respectively. Sinopec…