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19

BP Buys Stake In China Aviation Oil

Oil giant BP is buying a stake in China's main jet fuel importer China Aviation Oil

Oil giant BP is buying a stake in China's main jet fuel importer China Aviation Oil.

China Aviation Oil?s spokesman declined to give any details on the size of the stake and its cost.

Reports say the UK's BP is buying 23% of CAO, which is based in Singapore but majority owned by Chinese state firm China Aviation Oil Holding Company.
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