Sinopec + CNAF: Beijing’s New “Jet Fuel Super-Carrier”
China has just approved one of its most consequential energy mergers in years: refining giant Sinopec Group will absorb China National Aviation Fuel Group (CNAF), the country’s dominant aviation fuel distributor.
Behind this state-led restructuring is much more than a routine SOE shuffle. It’s about energy security, SOE consolidation, and preparing for …
