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China Petroleum & Chemical Corp.

China Petroleum & Chemical Corp.

Sector: Crude Petroleum And Natural Gas Region: China


: | New York Stock Exchange: SNP | OTC Markets: SNPMF | London Stock Exchange: SNP | Frankfurt Stock Exchange: CHU | Shanghai Stock Exchange: 600028 | Hong Kong Stock Exchange: 386


Similar to: Regal Petroleum plc, Tourmaline Oil Corp., Far East Energy Corp.

China Petroleum & Chemical Corp. is an energy and chemical company, which engages in the exploration, production and transportation of petroleum products such as crude oil and natural gas. The company operates its business through the following segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. The Exploration and Production segment produces crude oil and natural gas. The Refining segment processes crude oil and natural gas to produce petroleum products. The Marketing and Distribution segment operates service stations, and sells refined products in wholesale or retail. The Chemicals segment manufactures and sells chemical products. The Corporate and Others segment includes trading, research and development activities of the company. China Petroleum & Chemical was founded on February 25, 2000 and is headquartered in Beijing, China.

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Executives

Fu Chengyu, Chairman of China Petrochemical Corporation
Fu Chengyu, aged 60, is a senior economist and obtained a master degree. In 1983, he successively served as Chairman of the Joint Management Committee of the joint venture projects established between China National Offshore Oil Corporation (CNOOC) and those foreign oil giants such as Amoco, Chevron, Texaco, Phillips, Shell and Agip, etc; from 1994 to 1995, he served as Deputy General Manager of China Offshore Oil Nanhai East Corporation; in December 1995, he served as vice president of USA Phillips International Petroleum Company (Asia), and concurrently as General Manager of the West River Development Project; in April 1999, he was appointed as General Manager of China National Offshore Oil Nanhai East Corporation; in September 1999, he was appointed as Executive Director, Executive Vice President and Chief Operating Officer of CNOOC Limited; in October 2000, he was appointed as Deputy General Manager of CNOOC; in December 2000, he concurrently served as President of CNOOC Limited; in August 2002, he served as Chairman and CEO of China Oilfield Services Co., Ltd. as a subsidiary of CNOOC; in October 2003, he served as General Manager of CNOOC, and concurrently as Chairman and CEO of CNOOC Limited; on September 16, 2010, Mr. Fu resigned the post of CEO of CNOOC Limited and continued to serve as Chairman; in April 2011, he served as Chairman and Secretary of Communist Party of China (CPC) Leading Group of China Petrochemical Corporation; on May 13, 2011, he was appointed as Chairman of the Board of Directors of Sinopec Corp.
Wang Tianpu, Vice Chairman of the Board of Directors
Mr. Wang is a professor level senior engineer and obtained a doctoral degree. In March 1999, Mr. Wang became Vice President of Qilu Petrochemical Company of China Petrochemical Corporation. In February 2000, he was appointed as Vice President of Sinopec Corp. Qilu Company. In September 2000, he was promoted to President of Sinopec Corp. Qilu Company. Since July 2001, he has been member of the Party Committee of China Petrochemical Corporation.Since August 2011, he has been President of China Petrochemical Corporation.
Zhang Yaocang, Vice Chairman of the Board of Directors
Mr. Zhang is a professor level senior engineer and obtained a Master’s degree. In November 1990, Mr. Zhang became Deputy Director General of Bureau of Oil Geology and Marine Geology of Ministry of Geology and Mineral Resources. In February 1994, he was also appointed as Secretary of the Party Committee of the Bureau. In June 1997, he became Deputy Secretary of the Party Committee and Executive Vice President of Sinopec Star Petroleum Co., Ltd. In April 2000, he was appointed as Assistant to President of China Petrochemical Corporation and concurrently President of Sinopec Star Petroleum Co., Ltd. In August 2000, he was also appointed as Secretary of the Party Committee of Sinopec Star Petroleum Co., Ltd. Since July 2001, he has been Vice President of China Petrochemical Corporation and member of the Party Committee of China Petrochemical Corporation.

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