July 9, 2020 / 6:35 AM / a month ago

China gives private refiner Zhejiang Petroleum first-ever fuel export licence

SINGAPORE/BEIJING (Reuters) - China has granted Zhejiang Petroleum & Chemical Co (ZPC) a licence to export refined oil products, making it the first private oil refiner to win such permission, two sources with knowledge of the matter said on Thursday.

The refiner, however, will still need a government quota to export, said one of the sources.

Reuters could not immediately reach ZPC for comment.

China’s Ministry of Commerce did not immediately respond to Reuters’ request for a comment.

Reporting by Shu Zhang and Chen Aizhu in Singapore and Muyu Xu in Beijing; Editing by Christian Schmollinger

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