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Guangzhou government issues bonded bunkering licence to PetroChina subsidiary

05 Sep 2022

PetroChina International South China Co., Ltd., a wholly-owned subsidiary of PetroChina Company Limited, on Tuesday (23 August) obtained a bonded bunkering business licence from the Guangzhou Municipal Bureau of Commerce.

The leading enterprise of bonded fuel oil in Nansha District became the fourth and latest company to be granted such a licence by the local authority after three other local players, namely PetroChina Fuel Oil Co., Ltd, Guangzhou Development Bibi Youpin Co., Ltd. and Guangzhou Circle Storage Co., Ltd., obtained the same licence from February to July this year. 

According to a representative of PetroChina International South China, the firm has appointed a professional agency, Guangdong Sealand Express International Shipping Agency Co., Ltd., to handle the supply and transportation of marine fuel. 

The licences granted to the four companies will help increase the supply of bonded fuel while enhancing Nansha’s position as a port and international shipping hub. 

From January to July this year, Nansha Port has 150 foreign trade routes, with a container throughput of 10,494,400 TEUs. The total storage tank capacity of Xiaohu Chemical Industrial Area is 3,174,300 cubic metres (m3).

The local authority has actively promoted the bonded bunkering fuel business including expanding the bonded LNG bunkering business. 

On 16 August, the “Guiding Opinions of Guangzhou on Carrying out Bonded LNG Bunkering Business for International Voyage Vessels” was issued to further optimise and improve Guangzhou’s international business environment, enrich the port’s supply chain, and create a platform for ship supply trade.

Manifold Times previously reported Guangzhou Development Bibi Youpin Co., Ltd. and Guangzhou Circle Storage Co., Ltd. have completed bonded fuel delivery operations on 10 March and 12 April respectively.

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

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Photo credit: Manifold Times
Published: 5 September, 2022

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