Ministry of Commerce: In 2026, the allowed amount of non-state-owned trade imports of crude oil is 257 million tons.

On October 21, the Ministry of Commerce announced the total amount, application conditions, and application procedures for the non-state-owned trade import quota of crude oil in 2026. The non-state-owned trade import quota for crude oil in 2026 is 25.7 million tons. The application conditions include: (1) having a record of using the import quota for crude oil in the past 2 years (from January 2024 to October 2025), or being approved by the national industry regulatory department to have the qualification to use imported crude oil; (2) having the right to use a crude oil waterfront terminal with a capacity of not less than 50,000 tons (or a railway port with an annual transshipment capacity of 2 million tons) and the right to use storage tanks with a capacity of not less than 200,000 cubic meters; (3) having a bank credit line of not less than 20 million US dollars (or 140 million RMB); (4) having at least 2 professionals engaged in international petroleum trade; (5) operating the business legally in compliance with safety, environmental protection, tax, customs, and foreign exchange management laws and regulations, with no outstanding illegal activities. The announcement includes the total amount, application conditions, and application procedures for the non-state-owned trade import quota of crude oil in 2026, in accordance with the "People's Republic of China Regulations on Import and Export of Goods" and relevant commitments when joining the World Trade Organization, as formulated by the Ministry of Commerce. The Ministry of Commerce October 15, 2025 For the full text and application details, please refer to the original Chinese text provided.