Sinopec Boss Wins Petroleum Executive of the Year Award

Chinese oil giant Sinopec's boss Fu Chengyu has been awarded the title of the Petroleum Executive of the Year in London on Monday evening by the world leading energy research group Energy Intelligence (EI).

Fu, chairman of the Beijing-based Sinopec, also known as the China Petrochemical Corporation, the fifth largest oil company in the world, is the first leader of an Asian oil and gas company to earn the award for his transformational personality.

"His peers recognize that Mr. Fu is a transformational figure in China's oil industry and emerging markets as a whole," said Ivan Sandrea, President of the EI.

Sandrea spoke highly of Fu's extensive experience in building partnerships with international oil companies and participating in Chinese oil and gas investments around the world.

"By effectively harnessing China's strong technical skills, he has been a catalyst in this globalization of his country's petroleum business."

Fu said at the awarding ceremony that the award to him is recognition of the involvement and contribution by a Chinese energy company in world energy industry.

He said it is the recognition of Sinopec's establishment of a sound interaction system integrating overseas investment, international trade and engineering and technological services, enhancing international operation and management level and competitiveness, and cultivating Sinopec brand worldwide.