40-year oil veteran is chairman of CNPC
Source: Bloomberg News |
April 17, 2013, Wednesday
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Print Edition
Print Edition
CHINA National Petroleum Corp, the country's largest oil producer, promoted Zhou Jiping to chairman, Xinhua news agency said yesterday.
Zhou, 61, most recently served as the company's vice chairman and president and had been acting chairman after Jiang Jiemin became head of the State-owned Assets Supervision & Administration Commission. SASAC oversees 115 of China's biggest state-owned companies from CNPC to China Mobile Ltd.
Zhou has nearly 40 years of experience in China's petrochemical industry, according to the website of PetroChina Co, the listed unit of CNPC. He previously worked in the International Exploration and Development Cooperation Bureau of CNPC and at the subsidiary China National Oil & Gas Exploration & Development Corp.
PetroChina fell 1.9 percent to HK$9.49 (US$1.22) in Hong Kong. Xinhua reported Zhou's appointment after the close of regular trading.
Zhou, 61, most recently served as the company's vice chairman and president and had been acting chairman after Jiang Jiemin became head of the State-owned Assets Supervision & Administration Commission. SASAC oversees 115 of China's biggest state-owned companies from CNPC to China Mobile Ltd.
Zhou has nearly 40 years of experience in China's petrochemical industry, according to the website of PetroChina Co, the listed unit of CNPC. He previously worked in the International Exploration and Development Cooperation Bureau of CNPC and at the subsidiary China National Oil & Gas Exploration & Development Corp.
PetroChina fell 1.9 percent to HK$9.49 (US$1.22) in Hong Kong. Xinhua reported Zhou's appointment after the close of regular trading.
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