Arab Today, arab today china oil gets contracts to air china
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

China Oil gets contracts to Air China

Arab Today, arab today

Arab Today, arab today China Oil gets contracts to Air China

Singapore - XINHUA

China Aviation Oil (Singapore) Corporation Ltd (CAO), the major physical jet fuel trader in the Asia Pacific region, said on Tuesday that it had got contracts to supply aviation fuel to Air China in international airports of London, Madrid and Los Angeles.According to the company\'s announcement handed to the bourse, the CAO itself will supply fuel at Madrid International Airport, while its subsidiaries in the U.S. and Hong Kong will respectively supply fuel at Los Angeles International Airport and London Heathrow Airport.The contracts will all start on April 1 this year, and will expire in 18 months\' time. \"The aggregate contractual volume for the expected term is approximately 120,000 metric tonnes\", the company added.The company said the contracts represent another breakthrough in expanding its aviation fuel marketing business. Madrid is a new supply location for the company, while it\'s also the first time to get the contract with Air China in Los Angeles, where the company will be able to provide aviation fuel to all three major Chinese airlines, namely Air China, China Southern and China Eastern.The company\'s aviation fuel supply volume has jumped approximately 36 times over 2011 to about 750,000 tonnes in 2012.Th CAO registered a net profit of 66.2 million U.S. dollars in financial year 2012 ended on Dec. 31, a slight growth of 4.4 percent on year.It unveiled its 2020 corporate strategy at the end of last month. CAO is said to be \"a top-tier global integrated transportation fuels provider,\" aiming to expand its geographical focus from current Asia Pacific region to the whole world.Besides, it will also target twofold increase in volumes and profits by 2020 compared with the year of 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china oil gets contracts to air china Arab Today, arab today china oil gets contracts to air china

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china oil gets contracts to air china Arab Today, arab today china oil gets contracts to air china

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday