China National Aviation Fuel Explained

China National Aviation Fuel Group
Logo Alt:China National Aviation Fuel logo (left) and Chinese text "China Aviation Fuel" (Chinese: 中国航油)
Type:State-owned enterprise
Industry:Oil and gas industry, equity investment
Hq Location:CNAF Plaza
Hq Location City:Beijing
Hq Location Country:China
Products:Jet fuel
Revenue Year:2013
Income Year:2013
Net Income Year:2013
Assets Year:2013
Equity Year:2013
Website:cnaf.com
Footnotes:in consolidated financial statement[1]

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 list.[2]

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 and PetroChina, the listed subsidiaries of fellow oil giant State-owned Assets Supervision and Administration Commission of the State Council.

The corporation had a controversial net loss in 2004, which resulted by the arrest of Chen Jiulin, president of Singapore-listed subsidiary China Aviation Oil.[3]

Subsidiaries

Equity investments

Notes and References

  1. Web site: 2013 Annual Report. 29 April 2014. 6 March 2017. China National Aviation Fuel Group. chinamoney.com.cn. PDF. Chinese.
  2. Web site: Archived copy . 2017-03-06 . 2017-03-07 . https://web.archive.org/web/20170307045020/http://beta.fortune.com/global500/china-national-aviation-fuel-group-484 . dead .
  3. http://www.people.com.cn/GB/paper2086/13958/1245860.html. zh:透视中航油事件. 2005. 人民文摘. 2005. 1st issue. Chinese. People's Daily. Beijing. 24 September 2017.