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]
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]