China National Aviation Fuel Group Corporation (CNAF) is a Chinese state-owned enterprise. The company owns a 51% stake in China National Aviation Fuel Supply Co., Ltd. (), one of the largest jet fuel suppliers in China. China National Aviation Fuel Group was ranked 484th in 2016

Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...

list.

History

China National Aviation Fuel Group () obtained its current name on 11 October 2002. In 2005 a subsidiary with limited liabilities was incorporated under the Companies Law of China on 22 September 2005, as China National Aviation Fuel Supply (). The minority shareholders of the subsidiary were

Sinopec China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Gr ...

and

PetroChina PetroChina Company Limited () is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas pr ...

, the listed subsidiaries of fellow oil giant

State-owned Assets Supervision and Administration Commission of the State Council The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of variou ...

. The corporation had a controversial net loss in 2004, which resulted by the arrest of

Chen Jiulin Chen Jiulin () was born on October 20, 1961, and is the former Managing Director and CEO of China Aviation Oil (Singapore) Corporation Ltd (CAO). During his leadership, CAO's net asset worth increased from US$176,000 to US$150,000,000, an increas ...

, president of Singapore-listed subsidiary

China Aviation Oil China Aviation Oil (Singapore) Corporation Ltd (CAO) is the largest purchaser of jet fuel in the Asia Pacific region and supplies jet fuel to the civil aviation industry of the People's Republic of China (PRC). CAO supplies to the three key inte ...

Subsidiaries

* China National Aviation Fuel Supply (51.00%) * China National Aviation Fuel Land Petroleum (100.00%) * China National Aviation Fuel Logistic (100.00%) *

(50.88%)

Equity investments

Haikou Meilan International Airport Haikou Meilan International Airport is the airport serving Haikou, the capital of Hainan Province, China. It is located southeast of the city center and was opened in 1999, replacing the old Dayingshan Airport located along what is now the cit ...

(2.08% owned by CNAF Co., Ltd.) * Shenzhen Petrochemical Exchange

References

External links

* {{authority control Oil and gas companies of China Government-owned companies of China Companies based in Beijing Companies established in 2005