The permitted crude oil import volume for 2026 is set at 257 million metric tons.

Applicants must meet the following conditions:

Demonstrated utilization of their allocated crude oil import quota during the past two years (January 2024 – October 2025), or hold official qualification from the national industrial regulatory authority to process imported crude oil;

Possess usage rights to a crude oil marine terminal (or a railway terminal with an annual transshipment capacity of at least 2 million metric tons), with a minimum handling capacity of 50,000 metric tons per shipment;

Have access to crude oil storage facilities with a total capacity of no less than 2 million cubic meters;

Maintain bank credit lines of at least USD 20 million (or CNY 900 million);

Employ at least two qualified professionals engaged in international petroleum trading;

Operate in full compliance with national laws and regulations concerning workplace safety, environmental protection, taxation, customs, and foreign exchange management, and have no unresolved violations on record.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.