(EnergyAsia, September 5) — PetroChina and Sinopec will set up a joint venture with China Aviation Oil Holding (CAOH) CAOH later this month to supply jet fuel at mainland airports, a move that is set to weaken CAOH’s near-monopoly of that market. The Hong Kong Standard reported that CAOH will hold a 51% stake…
CHINA: PetroChina, Sinopec aims to break CAOH grip on aviation fuel market
Posted on September 5, 2005 by EnergyAsia