oil imports subject to state trading

At present, China for crude oil , refined oil imports subject to state trading management, state trading enterprises are to be licensed by the state to get engaged in the management of certain types of state trading enterprises the right to operate import of the goods or institution . With crude oil import qualified enterprises , mainly the three oil firms affiliated companies , as well as the Chemical Group , Biomass plant .
Beyond this , the state quota system for crude oil imports . In principle, state , private enterprises can apply for crude oil import quotas . However, the actual operation shows that crude oil import quota mainly in the oil, Sinopec and CNOOC allocated between local refineries and private oil enterprises were given quotas very difficult.
This reporter has learned , stick quality audit and quota management on the grounds that an increase in the international oil market, China 's right to speak, does not cause the blind bidding competition among enterprises , avoiding crude oil into machine pellet energy saving small refinery .
But it also caused another phenomenon, namely crude oil imports through state trading and non- state trading of control , the three major oil firms firmly grasp the domestic oil market.