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China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China sees private-owned carrier complete carbon-neutral commercial flight using SAF

Beijing (JLC), November 11, 2024--On October 26, Juneyao Air completed a carbon-neutral flight with its HO1883 from Shanghai to Shenzhen, making itself China’s first private-owned airline to reach thi

11-11-2024 15:03:59

China’s oil product exports to stay elevated beyond October

Guangzhou (JLC), October 17, 2022--China’s oil product exports will stay elevated during November-December and even January 2023, due to the release of this year’s fifth batch of quotas.

10-17-2022 16:11:25

Private ZPC to build Zhoushan-Ningbo-Shaoxing oil product pipeline

Guangzhou (JLC), June 13, 2022--Private Zhejiang Petroleum and Chemical (ZPC) plans to construct an oil product pipeline connecting Zhoushan, Ningbo and Shaoxing as a supporting project for its 800,00

06-13-2022 16:55:26

NDRC issues guidance on energy conservation, industrial upgrade

Guangzhou (JLC), February 14, 2022--China’s National Development and Reform Commission (NDRC) has issued the 2022 edition of the Implementation Guidance on Energy Conservation, Emission Reduction and

02-14-2022 15:17:43

Private ZPC acquires quotas on 12 mln mt of crude imports

Guangzhou (JLC), October 25, 2021--Private Zhejiang Petroleum and Chemical (ZPC) has additional obtained quotas on 12 mln mt of crude imports for its phase-II refining-chemical projects, according to a notice released by China’s Ministry of Commerce on October 25.

10-25-2021 16:22:21

China's private refiner Hebei Xinhai to add new CDU

Beijing (JLC), December 16, 2020--China’s private refiner Xinhai Group in northern Hebei province expects to add a new crude distillation unit (CDU) in the second half of 2021, according to a refinery source.

12-16-2020 17:47:50

South China records first export of gasoline from private firm

Guangdong province in south China has recorded the first deal of gasoline export from a private company, according to the country's General Administration of Customs (GAC).

12-15-2020 16:32:30

China's private ZPC begins oil product export

China's private refiner Zhejiang Petroleum and Chemical (ZPC) has started oil product export, becoming China's first private refining-chemical enterprise that has launched the export.

12-08-2020 16:39:34

Private ZPC to get reallocated quotas for oil product export

China's private Zhejiang Petroleum and Chemical (ZPC) will get reallocated quotas together with state-owned North Huajin Chemical Industries Group for refined oil (gasoline, diesel and jet fuel) export before the end of the year, according to market sources.

11-08-2020 15:06:56

Ningbo supplies first batch of fuel oil under VAT refund

Ningbo's first batch of bonded low-sulfur fuel, amounting to 4,000 mt, was filled into the ship tanks on April 17, while Ningbo customs supervised.

04-21-2020 16:02:06

Private gasoline, diesel stocks fall in March’s first half

Beijing (JLC), March 17, 2020--Commercial gasoline and diesel inventories held by private wholesalers across China declined in the first half of March 2020.

03-17-2020 10:44:38

Dalian records first fuel oil deal with VAT refund

Guangzhou (JLC), February 14, 2020--Dalian customs in northeast China has recently recorded a bonded fuel oil deal with the refund of the value-added tax (VAT), the first one enjoying the refund in China, the customs announced.

02-14-2020 16:43:24

Private gasoline, diesel stocks rise in January's second half

Beijing (JLC), February 5, 2020--Commercial gasoline and diesel inventories held by private wholesalers across China increased in the second half of January 2020.

02-05-2020 17:38:45

China to refund VAT on fuel oil supplied to intl. ships

Guangzhou (JLC), January 22, 2020--China will refund the value-added tax (VAT) on fuel oil supplied to international ships at Chinese ports as from February 1, 2020, according to an official announcement released on January 21.

01-22-2020 18:14:36

China to grant full refund of VAT on bonded fuel oil

Guangzhou (JLC), January 19, 2020--China has basically decided to grant a full refund of the value-added tax (VAT) on fuel oil to be delivered to bonded tanks, an industry source said.

01-19-2020 11:10:55

China to open up refined oil export to private firms

Guangzhou (JLC), December 24, 2019--China will encourage eligible private firms to participate in crude import and refined oil export, according to an official document released on Sunday.

12-24-2019 11:40:47

China to open up more industries to private firms, ease burdens

Guangzhou (JLC), December 23, 2019--China will further optimize its business environment to unleash the vitality of private firms and open more sectors to them to boost fair competition, according to an official document published on Sunday.

12-23-2019 19:29:32

Private gasoline, diesel inventories fall in H1 December

Beijing (JLC), December 16, 2019--Commercial gasoline and diesel inventories held by private wholesalers across China declined in the first half (H1) of December 2019.

12-16-2019 17:34:03

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