China's Unipec agrees to jet fuel term supply deal with Lufthansa

Core Viewpoint - China's state oil trader Unipec, a subsidiary of Sinopec Corp, has secured a long-term agreement to supply approximately 60,000 metric tons of jet fuel to Lufthansa each year [1] Company Summary - Unipec, as a vehicle of Sinopec Corp, is expanding its operations in the aviation fuel sector through this new supply agreement with Lufthansa [1] - The deal signifies a strategic partnership between Unipec and Lufthansa, enhancing Sinopec's presence in the international aviation fuel market [1] Industry Summary - The agreement reflects the growing demand for jet fuel in the aviation industry, particularly as airlines like Lufthansa seek reliable suppliers [1] - This move may indicate a trend of increased collaboration between oil traders and airlines to secure fuel supply amidst fluctuating market conditions [1]