PetroChina subsidiary wins first bonded bunkering licence in Xiamen
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by Admin
Xiamen authorities recently awarded the first local bonded bunkering licence to Xiamen Kunlun Fuel Oil Co Ltd, a wholly-owned subsidiary of PetroChina Fuel Oil Co Ltd, according to China-based media on Sunday (4 February).
The firm’s businesses include sales of petroleum products (excluding hazardous chemicals); domestic trade agency; domestic cargo transportation agency; general cargo warehousing services; import and export of goods; import and export of technology.
PetroChina’s presence in Xiamen will further drive development and growth of bonded bunker fuel market in Xiamen, Fujian, as well as expand PetroChina’s bonded marine fuel market share.
As of January 2024, the total number of licensed bonded marine fuel suppliers in China has expanded to 35, including 5 national licence holders and 30 regional licence holders.
From the 30 regional licences, 15 companies were granted Zhejiang Free Trade Zone bonded bunkering licences, five in Shenzhen, four in Guangzhou, three in Hainan, two in Shanghai, and one in Xiamen.
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.
Photo credit: Jsungzhan Jiao on Unsplash
Published: 6 February, 2024
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