China’s commerce ministry granted crude oil import licences to two Zhejiang-based petroleum companies in eastern China, including a trading joint venture partly held by commodities trader Glencore. Zhejiang Petroleum Trading Co and Zhejiang Petroleum & Chemical Co will receive the so-called "non-state" crude oil import licenses on Oct. 14 if there are no objections from the public, the ministry said on its website on Tuesday.
