China Aviation Oil Branches Out Into Asia-Pacific Trading

摘要

Major steps by China Aviation Oil (CAO) to diversify itsbusiness are likely to strengthen the role of South Koreaand Malaysia as trading hubs in competition withSingapore. The strategic shift of the near-monopoly jetfuel supplier to mainland China involves investmentsworth more than US$60 million and the appointment of anew high-level executive to steer the expansion of its trad-ing operations.