Zhong Guo Zheng Quan Bao·2026-01-08 11:34Group 1 - The core viewpoint of the news is the restructuring between China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Group, which has been approved by the State Council [1][4] - The restructuring is expected to enhance strategic complementarity and synergy, improving the overall market competitiveness of both companies [5] - China Aviation Oil Group is the largest aviation fuel procurement and service company in Asia, providing fuel supply to 258 transport airports and 454 general airports in China [4][5] Group 2 - The restructuring will allow Sinopec to leverage China Aviation Oil Group's distribution network to expand its market share in aviation fuel and achieve integration of production and sales [5] - China Aviation Oil Group will benefit from more stable upstream resource supply, enhancing its bargaining power in the international aviation fuel market [5] - The restructuring is seen as a step towards supporting the green transition of the aviation industry, which is crucial for achieving China's carbon neutrality goals [6][7] Group 3 - Sinopec has been actively developing renewable energy technologies, with sustainable aviation fuel (SAF) being a key focus area [7] - The collaboration between Sinopec and China Aviation Oil Group is expected to create more opportunities beyond traditional aviation fuel business, potentially reshaping the competitive landscape of the traditional energy market [7]