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The State-owned Assets Supervision and Administration Commission has approved the merger of Sinopec and China Aviation Oil Group to enhance competitiveness in the aviation fuel sector, aligning with China's 15th Five-Year Plan. This restructuring aims to streamline operations, reduce costs, and support the transition to sustainable aviation fuel, potentially leading to lower fuel prices and improved supply chain stability. The merger will provide CNAF with stable upstream resources while expanding Sinopec's sales channels.