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FU Chengyu


China Petroleum and Chemical Corp (Sinopec)


Fu Chengyu is the Chairman of China Petroleum and Chemical Corp, the largest Asian refiner. He previously worked at the China National Offshore Oil Corporation, which foresaw a five-fold increase in its profits during his presence.


His early experiences in the oil industry were at the Daqing, Liaohe and Huabei oilfields. Beginning in 1983, Fu has been Chairman of the Management Committees of joint ventures between China National Offshore Oil Corporation (CNOOC) and major international petroleum companies including Amoco, Chevron, Texaco, Phillips, Shell and Agip. He became Deputy General Manager of CNOOC Nanhai East Corporation in 1994, and Vice President of Phillips Asia Inc. and General Manager of the Xijiang Development Project in 1995. In 1999, he became General Manager of CNOOC Nanhai East Corporation, and few months after Executive Director, Executive Vice President and Chief Operating Officer of CNOOC Limited, a subsidiary of CNOOC. The following year Fu was named Vice President of CNOOC and concurrent President of CNOOC Limited. Two years later he was appointed Chairman of the Board of Directors and CEO of China Oilfield Services Limited (COSL), another subsidiary of CNOOC. He became President of CNOOC, Chairman and CEO of CNOOC Limited in 2003. On 16 September 2010, he resigned from his CEO position at CNOOC Limited while keeping the position of Chairman. He finally became the Chairman of the Sinopec Group on April 2011. For more information on Sinopec, please click here.