{"id":120163,"date":"2011-04-08T21:36:45","date_gmt":"2011-04-09T04:36:45","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=120163"},"modified":"2011-12-08T10:40:53","modified_gmt":"2011-12-08T17:40:53","slug":"china-moves-top-bosses-in-oil-sector","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2011\/04\/china-moves-top-bosses-in-oil-sector\/","title":{"rendered":"China Moves Top Bosses in Oil Sector"},"content":{"rendered":"<p>The Chinese government has announced that <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704503104576250243224429846.html\"><strong>Fu Chengyu, the former chairman of state-owned company Cnooc Ltd., will become the new chairman of Sinopec (China Petrochemical Corp)<\/strong><\/a>. From Wall Street Journal:<\/p>\n<blockquote><p>China changed top executives at its three main oil-and-gas companies,  in one of the periodic management reshuffles in state-owned industries  that underscore the government&#8217;s heavy hand in the economy.<\/p>\n<p>Fu Chengyu, former chairman of Cnooc Ltd., will become  the chairman of China Petrochemical Corp., or Sinopec Group, a Sinopec  media official told The Wall Street Journal on Friday.<\/p>\n<p>That change puts one of the most internationally prominent  state-sector executives at the helm of Asia&#8217;s largest refiner by  capacity. Mr. Fu has successfully steered Cnooc through a series of  major foreign acquisitions, although he failed in a controversial  attempt to buy California-based Unocal Corp. in 2005, blocked by a  political uproar in the U.S.<\/p>\n<p>Top executives at Chinese state companies are almost all lifelong  government bureaucrats, and it&#8217;s not uncommon for the government to  announce several changes at once, with officials moving between  companies and government positions. In recent years there have been  similar reorganizations in the airline, banking and telecommunications  industries.<\/p>\n<p>As part of the latest shake-up, former Sinopec Group head Su Shulin has  been appointed to a senior role in Fujian province&#8217;s regional  government.<\/p>\n<p>Wang Yilin, a former vice general manager of China National Petroleum,  has succeeded Mr. Fu as chairman of Cnooc Ltd., a media official with  parent China National Offshore Oil Corp., or Cnooc Group, said Friday. Mr. Wang also becomes the Communist  Party secretary of Cnooc Group, the highest position in the company, he  said.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Chinese government has announced that Fu Chengyu, the former chairman of state-owned company Cnooc Ltd., will become the new chairman of Sinopec (China Petrochemical Corp). From Wall Street Journal: China changed top executives at its three main oil-and-gas companies, in one of the periodic management reshuffles in state-owned industries that underscore the government&#8217;s heavy [&hellip;]<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,100],"tags":[15740,5972,2321],"class_list":["post-120163","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics","tag-china-national-petroleum-corp","tag-cnooc","tag-sinopec","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Moves Top Bosses in Oil Sector<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2011\/04\/china-moves-top-bosses-in-oil-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Moves Top Bosses in Oil Sector\" \/>\n<meta property=\"og:description\" content=\"The Chinese government has announced that Fu Chengyu, the former chairman of state-owned company Cnooc Ltd., will become the new chairman of Sinopec (China Petrochemical Corp). 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