Sinopec and China National Aviation Fuel Group to conduct reorganization

08-01-2026 23:00 HKT

A man stands next to a logo of Sinopec, or China Petroleum and Chemical Corporation, at an expo on rubber technology in Shanghai, China September 19, 2018. Picture taken September 19, 2018. REUTERS

China's state council has approved a reorganization between Sinopec and China

National Aviation Fuel Group, state asset regulator said on Thursday in a statement without providing any details.

The world's largest refiner by capacity, Sinopec Group, was in talks to buy the country's dominant fuel distributor CNAF in a government-initiated move, Bloomberg News reported last November.

Reuters

Sinopec China National Aviation Fuel reorganization

Download The Standard app to stay informed with news, updates, and significant events:

https://www.thestandard.com.hk/appdownload