Lubricating Oil Export Quota Cancelled to Export License Management
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According to the announcement, the state-owned trading companies for lubricants (lipid) and lubricant base oil are China Sinochem Corporation, China International Petroleum and Chemical Corporation, and China United Petroleum Chemical Industry Co., Ltd. For overseas contracted projects and exports under foreign investment, processing trade, foreign-invested enterprises, and border trade enterprises for the export of lubricants (lipid) and lubricant base oils, enterprises are required to rely on relevant applications from provincial-level commercial authorities and customs declarations. Procedures: Apply for export licenses to the Bureau of Quota and License Affairs of the Ministry of Commerce.
