Fu Chengyu
Fu Chengyu is the chairman of China’s largest state-owned company China Petrochemical Corporation or the Sinopec Group, which is also Asia’s largest oil refiner.
Before joining Sinopec in 2011, Fu was the CEO of another state-owned giant — China National Offshore Oil Corporation (CNOOC), which is the country’s biggest offshore oil and gas producer. During his nearly decade long stint at CNOOC, Fu, 61, was credited with turning the
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more Fu Chengyu
Fu Chengyu is the chairman of China’s largest state-owned company China Petrochemical Corporation or the Sinopec Group, which is also Asia’s largest oil refiner.
Before joining Sinopec in 2011, Fu was the CEO of another state-owned giant — China National Offshore Oil Corporation (CNOOC), which is the country’s biggest offshore oil and gas producer. During his nearly decade long stint at CNOOC, Fu, 61, was credited with turning the state-owned energy firm into a global operation with oil and gas assets around the world. Currently, CNOOC’s $15.1 billion takeover bid of energy producer Nexen is under review by the Canadian government. If approved, the deal would be China’s biggest overseas takeover.
Sinopec, meanwhile, is also looking to boost operations with Canadian firms and is waiting for approval on a 49 percent acquisition of Canada’s Talisman Energy. Besides heading China’s two biggest companies, Fu is also a member of the Communist Party of China and part of its Central Commission for Discipline Inspection.
Photo: Jerome Favre | Bloomberg | Getty Images
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Thu 8 Nov, 2012 12:30 PM IST