China further eases fuel export curbs for July

China has lifted refined fuel export restrictions for the remainder of July. A private refiner, Zhejiang Petrochemical, can now resume its fuel shipments. This follows a four-month halt in its export activities. The world's largest refiner is retu...

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China has eased refined fuel export restrictions for the remainder of July and permitted a private refiner to resume shipments after a four-month suspension.(Representational Image- AI Generated)

China ​has lifted ​refined fuel export restrictions for ​the rest of July and allowed a private refiner to ‌resume ⁠shipments ⁠after a four-month halt, ​trade sources said, as the world's biggest ​refiner returns towards normal after disruptions from the ​Iran war.

Zhejiang Petrochemical ⁠Co, majority ‌owned by Rongsheng Petrochemical, has been permitted ⁠to export fuel in July, four sources briefed on the matter said, after it halted exports for more than three months.

China's Ministry of Commerce ‌and the National Development Reform Commission did not immediately respond ⁠to faxed requests for comment. Rongsheng did not immediately respond to a request for comment.


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