Monday, April 5, 2010

China Aviation Oil Corporate Profile

CAO is the largest purchaser of jet fuel in the Asia Pacific region and the key supplier of imported jet fuel to the People's Republic of China ("PRC") civil aviation industry. In recent years, we have proactively expanded into the international trading of jet fuel and other oil products.

CAO owns investments in strategic oil-related businesses, which include Shanghai Pudong International Airport Aviation Fuel Supply Company Limited and China National Aviation Fuel TSN-PEK Pipeline Transportation Company Ltd.

Incorporated in Singapore on 26 May 1993, CAO was listed on the mainboard of the Singapore Exchange Securities Trading Limited on 6 December 2001.

The single largest shareholder of CAO is China National Aviation Fuel Group Corporation ("CNAF"), which holds about 51% of the total issued shares of CAO. A large State-owned enterprise in the PRC, CNAF is the largest aviation transportation logisitics service provider in the PRC, providing aviation fuel distribution, storage and refuelling services at most of the PRC airports.

BP Investments Asia Limited, a subsidiary of BP, is a strategic investor of CAO and holds 20% of the total issued shares of CAO.

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