According to market sources, the third batch of general trade export quota of products oil in 2020 was officially issued, with a total of 3 million tons, of which PetroChina was allocated 1.95 million tons, Zhejiang Petrochemical Co., Ltd obtained 1 million tons and China North Industries Group Co., Ltd obtained 50,000 tons. This is expected to be the last quota for the year.

Zhejiang Petrochemical's quota of 1 million tons would be mainly used for gasoline export, while China North Industries Group's quota of 50,000mt would be used to export 0.001%S gasoil.

Up to now, the general trade export quota of products oil in 2020 has reached 52.16 million tons, up 4.016 million tons or 8.3% year on year. The total export quota for processing trade was 6.84 million tons, down 1.01 million tons, or 12.9% year on year. Overall, export quotas for products oil have reached 59 million tons, up 3.006 million tons or 5.4% year on year.