July 24, 2019 / 10:20 AM / a month ago

China issues third batch of 2019 oil product exports quotas -sources

BEIJING/SINGAPORE, July 24 (Reuters) - China issued its third batch of export quotas for refined oil products for 2019 totalling 6 million tonnes, three traders told Reuters on Wednesday.

The quotas were granted to four state-owned companies, with Sinopec receiving 2.78 million tonnes, PetroChina Co at 2.02 million tonnes, Sinochem Group at 600,000 tonnes and CNOOC Group at 600,000 tonnes.

The new batch raises the total export quotas for refined oil products to 48.2 million tonnes in 2019. (Reporting by Muyu Xu in BEIJING, Koustav Samanta and Florence Tan in SINGAPORE; editing by Christian Schmollinger)

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