China issues 52.56 million mt of new crude quotas to 35 refineries

China’s Ministry of Commerce has released 52.56 million mt (385.26 million barrels) of crude import quotas to 35 qualifying independent and non-major state-owned refineries in the second batch for 2022, sources with those plants told S&P Global Commodity Insights June 28. The volume rose 49.2% from the 35.22 million mt allocated in the same batch for 2021. Last year, the…