MOFCOM Announces 2026 Crude Oil Import Quota for Non-State Trading

Recently, the Ministry of Commerce (MOFCOM) has issued Announcement [2025] No. 65, setting out the total quota, application criteria, and application procedures for crude oil imports for non-state trading in 2026.

According to the Announcement, the total crude oil import quota for non-state trading in 2026 is set at 257 million metric tons. The application criteria include five conditions, such as "having a record of using import quotas for crude oil in the past two years (from January 2024 to October 2025) or having obtained approval from the competent national industrial authority for the use of imported crude oil." The Announcement states that the first batch of quotas will be allocated to eligible enterprises before the end of 2025. Thereafter, quota adjustments and additional allocations will be made in due course based on enterprises' actual import performance, business needs, and newly approved production capacity. Enterprises without any import record over the past two years will no longer be allocated quotas. Enterprises unable to fully utilize their import quotas shall return the unused portion to the MOFCOM, through the competent local commerce authority or their parent central enterprise group, by September 1 of the same year.



(Source: https://www.mofcom.gov.cn/zwgk/zcfb/art/2025/art_1fb61e79c0ae4eb08615e153c6b09648.html)

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