Summary of imported crude oil usage and allowable amounts under the \"dual-delegation\" policy in 2015
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Summary of imported crude oil usage and allowable amounts under the “dual-delegation” policy in 2015; Unit: 10,000 tons. Company name, category, existing production capacity phased out, imported crude oil usage, allowable amount of imported crude oil: Panjin Beiran – other local refineries: 350, 700, 700, 700; Baota Petrochemicals – other local refineries: 120, 750, 616, 616; Dongming Petrochemicals – Shandong local refineries: 350, 750, 750, 600; Lijin Petrochemicals – Shandong local refineries: 250, 350, 350, 350; Yanli Petrochemicals – Shandong local refineries: 210, 300, 252, 252; Yatong Petrochemicals – Shandong local refineries: 230, 350, 276, 276; Hongrun Petrochemicals – Sinochem: 330, 570, 530, N/A; Huifeng Petrochemicals – Shandong local refineries: 180, 580, 416, N/A; Tianhong Chemical – Shandong local refineries: 342, 500, 439.68, N/A; Jingbo Petrochemicals – Shandong local refineries: 230, 350, 331.2, N/A; Luqing Petrochemicals – Shandong local refineries: 215, 300, 258, N/A. Note: The total amount of imported crude oil used under this policy was 49.1888 million tons, of which 36.0288 million tons came from Shandong local refineries, accounting for 73.2%
Rights to use imported crude oil and non-state trade quotas for imported crude oil.
Fuel oil import traders say that when local refineries handle crude oil imports on their own, rather than relying on state-owned enterprises for such tasks, the CIF cost can be reduced by 2–3 dollars per barrel, which is equivalent to 90–136 yuan per ton.