China’s NDRC urges state-oil companies to report on their use of imported crude oil

The National Development and Reform Commission, the country’s state planner, asked the state-oil companies to report on their use of imported crude oil over the past few years, Reuters reports, citing unnamed sources.

Additional takeaways

“NDRC said it will focus on resales and tolling schemes.”

“The urgent notice is issued to Sinopec Group, China National Offshore Oil Corporation (CNOOC), Sinochem Group, ChemChina, and China North Industries Group.”