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CNPC and CNAF Sign Framework Agreement in 2013

Source: www.gulfoilandgas.com 1/21/2013, Location: Asia

On January 18, CNPC and China National Aviation Fuel (CNAF) signed a framework agreement on aviation kerosene supply in 2013 in Beijing. CNPC Chairman Jiang Jiemin, CNPC President Zhou Jiping, CNAF Chairman Sun Li, and CNAF President Zhu Yong attended the signing ceremony. The two sides had a profound discussion on deepening cooperation and promoting common development by giving play to their respective advantages.

CNAF is currently China's largest state-owned aviation fuel supplier which integrates the purchase, transportation, storage, quality management, sales and into-plane service of aviation fuel. CNPC and CNAF have been on a very good business term. In 2012, aviation kerosene supply from CNPC to CNAF had increased by 32.2%, hitting a record high.

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