China Aviation Oil Widens Net

Singapore-headquartered China Aviation Oil, the sole importer of jet fuel into China, wants to diversify its product offering on the back of poor demand forecasts for the Chinese jet fuel market. Jet fuel trading will remain its core business, but the company is now also looking at fuel oil, gasoil and petrochemicals. "We hope to be a global transportation fuels provider, not only in Asia-Pacific ... but also in Europe, North America, Middle East and Australia," head of business development Han Jing Xieng told investors.

TAGS: Asia
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