Recently, China Aviation Oil (Singapore) Corporation Ltd., a Singapore-listed subsidiary of the China National Aviation Fuel Group, made an announcement. Its controlling shareholder, China Aviation Oil Group, is set to undergo a restructuring by joining forces with another enterprise conglomerate. According to well-informed sources that Nengjianpai has spoken to, this enterprise group is none other than Sinopec. At present, both parties are actively engaged in negotiations regarding the acquisition. Should the deal reach fruition, China Aviation Oil will be absorbed into Sinopec, potentially giving birth to a new titan in the aviation fuel sector.

China Aviation Oil holds the distinction of being Asia's largest aviation transportation service provider. Its business operations span a wide range, encompassing aviation fuel procurement, transportation, storage, testing, sales, and refueling services. The company supplies fuel to 258 transport airports and 454 general aviation airports across China, catering to the needs of 585 global aviation customers.

On the other hand, Sinopec stands as the world's largest refiner in terms of capacity. In 2023 alone, its aviation kerosene output reached a staggering 26.73 million tons. If the acquisition is successfully completed, Sinopec will be able to establish a comprehensive industrial chain that stretches from crude oil refining all the way to aircraft refueling. This will enable it to achieve integrated "production - distribution" operations. Such integration will not only enhance the stability and efficiency of aviation kerosene supply but also lead to a reduction in logistics costs.

However, the acquisition process is far from over. It still necessitates the completion of relevant approval procedures, which include regulatory steps such as antitrust reviews. Moreover, the specific details of the transaction have not been made public yet. As a result, there remains a degree of uncertainty regarding whether the deal will ultimately be finalized.