December 20, 2018 / 10:53 AM / 6 months ago

China's CNAF signs strategic alliance pact with oil major BP

* China National Aviation Fuel Company (CNAF), the country’s near-monopoly jet fuel distributor, has signed a global strategic cooperation pact with oil major BP, according to a report posted on a government website on Thursday.

* The agreement, signed on Wednesday, covers areas such as air transportation and jet fuel supplies for general aviation, said the report, posted on the website of the State-owned Assets Supervision and Administration Commission (SASAC).

* The report did not give further details of the pact.

* CNAF and BP set up their first joint venture, supplying jet fuel to south China’s Shenzhen airport, in 1991. The two firms then founded a second JV - South China Blue Sky - in 1998 which started with selling 600,000 tonnes a year of aviation fuel, with volumes estimated to reach 6 million tonnes this year, it said. (Reporting by Chen Aizhu; Editing by Jan Harvey)

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