China Aviation Oil signs product storage agreement

A product storage agreement has been inked by the China Aviation Oil (Singapore) Corporation Ltd. (CAO) to lease storage facilities in Singapore.
The agreement between CAO and the Horizon Singapore Terminals Private Limited will take effect from September 1, for three years.
The agreement includes five storage tanks with a combined storage capacity of about 174,000 cubic meters. The leased storage tanks will be utilized for fuel oil and fuel oil blend components.
CAO has been diversifying its portfolio and seeking to be a top-tier global integrated transportation fuels provider, aiming to expand its geographical focus from Asia-Pacific to the rest of the world.
CAO is the sole supplier of imported jet fuel to the civil aviation industry in China.