China Aviation Oil Corporation Ltd ("CAO") is the largest purchaser of jet fuel

Jet fuel

Jet fuel is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is clear to straw-colored in appearance. The most commonly used fuels for commercial aviation are Jet A and Jet A-1 which are produced to a standardized international specification...

 in the Asia Pacific region and the key supplier of imported jet fuel to the civil aviation

Civil aviation

Civil aviation is one of two major categories of flying, representing all non-military aviation, both private and commercial. Most of the countries in the world are members of the International Civil Aviation Organization and work together to establish common standards and recommended practices...

 industry of the People's Republic of China

People's Republic of China

China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

 ("PRC"). CAO supplies to the three key international airport in the PRC, i.e. Beijing Capital International Airport

Beijing Capital International Airport

Beijing Capital International Airport, is the main international airport serving Beijing, China. It is located northeast of Beijing's city center in an enclave of Chaoyang District that is surrounded by rural Shunyi District. The airport is owned and operated by the Beijing Capital...

, Shanghai Pudong International Airport

Shanghai Pudong International Airport

Shanghai Pudong International Airport is the primary international airport serving Shanghai, China, and a major aviation hub in Asia. The other major airport in Shanghai, Hongqiao, mainly serves domestic flights...

 and Guangzhou Baiyun International Airport

Guangzhou Baiyun International Airport

Guangzhou Baiyun International Airport is the main airport of Guangzhou, the capital of the province of Guangdong, People's Republic of China. Both airport codes were inherited from the previous Guangzhou airport, and the IATA code reflects Guangzhou's former romanization Canton...

, and accounts for more than 90% of PRC's jet fuel imports. CAO also engages in international trading of jet fuel and other oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 products. CAO owns investments in strategic oil-related businesses, which include Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd and China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd.

Incorporated in Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 on 26 May 1993, CAO was listed on the mainboard of the Singapore Exchange

Singapore Exchange

Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...

 on 6 December 2001.

The largest single shareholder

Shareholder

A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

 of CAO is China National Aviation Fuel Group Corporation ("CNAF"), which holds about 51% of the total issued shares of CAO. A large State-owned enterprise in the PRC, CNAF is the largest aviation transportation logistics service provider in the PRC, providing aviation fuel distribution, storage and refuelling services at most of the PRC airports. BP Investments Asia Limited, a subsidiary of BP

BP

BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...

, is a strategic investor of CAO which holds 20% of the total issued shares of CAO.