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[China Epoxy Resin Industry Online] December 10, 2004, the Ministry of Commerce issued the "Interim Measures for the Administration of the Refined Oil Market" on the 8th, covering the application and acceptance of refined oil business licenses, review procedures and deadlines, and refined oil operations.
The issuance and change of approval certificates, the supervision and management of the refined oil market, and legal responsibilities have been comprehensively stipulated.
The "Measures" has 7 chapters and 38 articles, which will come into force on January 1, 2005.
The "Measures" stipulate that the Ministry of Commerce shall supervise and manage the national refined oil market in accordance with the law, and the administrative department of commerce of the provincial people's government shall be responsible for the supervision and management of the refined oil market within its jurisdiction.
It also stipulates corresponding conditions for the wholesale, warehousing, and retail operations of refined oil, and specifies the specific departments that accept applications and make review decisions.