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China Aviation Oil Snapshot
China Aviation Oil (Singapore) (CAO) works to ensure the friendly skies are full of well-fueled aircraft. Incorporated in 1993, CAO deals primarily in jet fuel procurement, although it is also active in international oil trading and oil-related investment. The firm commands a near-100% market share of the procurement of imported jet fuel for China's civil aviation industry, and has expanded its market to include ASEAN countries, the Far East and the US. CAO's oil-trading business has expanded beyond jet fuel to include fuel oil, gasoline, naphtha, crude oil, and petrochemical products. China National Aviation Fuel Holding Company owns 51% of the company; a BP unit, 20%.
