Xin Hua She·2026-01-08 10:40Core Viewpoint - The restructuring of China Petroleum and Chemical Corporation (Sinopec) and China Aviation Oil Group is a strategic move aimed at enhancing competitiveness in the aviation fuel industry and promoting green transformation in the aviation sector [2]. Group 1: Company Overview - China Aviation Oil is the largest integrated aviation fuel service provider in Asia, involved in procurement, transportation, storage, testing, sales, and refueling of aviation fuel [2]. - Sinopec is recognized as the world's largest refining company and the leading aviation fuel producer in China [2]. Group 2: Strategic Implications - The reform is part of a broader strategy for the central enterprises to undergo strategic and professional restructuring to respond to international competition and green transformation [2]. - This restructuring is expected to lower aviation fuel supply costs and enhance the competitiveness of China's aviation fuel industry [2]. Group 3: National Economic Context - The optimization of state-owned economic layout and structural adjustment is essential for strengthening and expanding state capital and enterprises [2]. - In recent years, there has been an acceleration in strategic and professional restructuring among central enterprises, with six groups of ten companies achieving strategic mergers during the 14th Five-Year Plan period [2].