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Gazpromneft-Aero and China Aviation Oil Sign New Agreement On Refueling In Russia

Gazpromneft-Aero, jet fuel business operator of Gazprom Neft, and Chinese national jet fuel supplier China Aviation Oil Hong Kong Co. Ltd. (CAOHK) signed a new agreement on fueling CAOHK designated airline customers in airports where Gazpromneft-Aero operates.

In 2017, Gazpromneft-Aero began providing CAOHK access to its network of airports in Russia, and in February, Gazpromneft-Aero began refueling Air China Airlines at Sheremetyevo International Airport (Moscow).

Gazpromneft-Aero and CAOHK has started cooperation since December 2015 while CAOHK supplied jet fuel to Gazpromneft-Aero customers in Chinese airports. By the end of 2016, there were approximately 8,000 tons of jet fuel has been supplied to Gazpromneft-Aero’s Russian partner airlines in ten Chinese airports.

Vladimir Egorov, General Director of Gazpromneft-Aero, said: “Tourist traffic between Russia and China is constantly increasing. Cooperation with CAOHK, the subsidiary of CNAF Group Corporation, the leading jet fuel supplier in China, is an important step for Gazpromneft-Aero’s international business development. In the future, we hope to continue our cooperation on airport refueling in Chinese airports and in other countries in the Asia-Pacific Region, as well as for CAOHK’s customers in major international airports in Russia and CIS”.

When talking about the future development of CAOHK, Mr. WANG Zhaopeng, CEO of CAOHK, said “we are committed to further expand our jet fuel supply network in both China and overseas airports, explore new markets and continue our growth in core business as per the strategic development plan. Gazpromneft-Aero is one of our important strategic partners, we treasure our business collaboration in different locations where CAOHK and Gazpromneft-Aero market its products and services, definitely our cooperation in Russian market has laid a solid foundation for both parties’ future development in overseas markets.”

Notes for editors

Gazpromneft-Aero is a Gazprom Neft subsidiary. The Company has been performing aircraft fueling and “into the wing” aviation fuel sales since 1 January 2008. Gazpromneft-Aero has been a strategic partner of the International Air Transport Association (IATA) in the field of aviation fuel supply since December 2008. Gazpromneft-Aero occupies leading positions in the Russian aviation fuel market by volume of retail sales. The Company uses technologies that comply with the highest safety level of refueling operations — Green. It provides aircraft refueling services in more than 200 airports in 60 countries worldwide.

China Aviation Oil (“CAO Group”) — a subsidiary of China National Aviation Fuel Group Corporation (“CNAF”). CNAF is a large state-owned enterprise in People’s Republic of China (“PRC”), it has extensive nationwide sales network, logistics and distribution system, owns jet fuel supply facilities in more than 200 airports throughout China and provides refueling services to over 200 airlines. CAO Group is one of the largest jet fuel distributor and trader in the Asia-Pacific Region and the sole supplier of imported jet fuel into PRC civil aviation industry. The core business of CAOHK including jet fuel supply at the airports, cargo trading and aviation-related investment businesses.

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