
Heilongjiang United Oil & Chemicals Ltd (hereinafter referred to as “HUOC”) has the import franchise for Non-State Trading of general commercial crude oil and the import franchise for State Trading of fuel oil, which are conferred by the Ministry of Commerce. Meanwhile, HUOC also has the import franchises for the frontier trade of product oil, chemical fertilizers, iron ores, steel products, rubbers, and so forth. HUOC is qualified as Level-A Enterprise in Foreign Aid Materials Program, Level-A Enterprise in Customs, Standing Director of CCCMC and Standing Director General of the Petroleum Branch of CCCMC. The company’s registered capital approximated 100 million CNY.
Before China’s admission to the WTO, HUOC had relied on the unique geographic advantages as well as cultural advantages bestowed by Heilongjiang Province and Russia, so as to focus on its frontier trade towards Russia. Its imports include crude oil, pro... [
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