A general view of a crude oil importing port in Qingdao, Shandong Province in this file photo. A Chinese industry body said it could review rules covering the import of crude by new entrants after a private refinery failed to secure financing for 1.5 million barrels of crude it bought, in a blow to the Central Government’s moves to open up its oil market. Baota Petrochemical Group Co. Ltd. could not get letters of credit for two crude cargoes worth more than US$50 million it bought from commodity merchants Vitol and Mercuria, two traders with direct knowledge of the transactions said. SD-Agencies