PetroChina Chairman to Take SASAC Top Job

HONG KONG - Jiang Jiemin is to take the top position at the state-owned Asset Supervision and Administration Commission, PetroChina Co. said on Monday.

Mr. Jiang was chairman of China National Petroleum Corp. and PetroChina.

His new appointment will be announced soon, Mao Zefeng, a spokesman for PetroChina, told the Wall Street Journal. Vice Chairman Zhou Jiping will become the interim chairman of China National Petroleum Corp. and PetroChina.

A SASAC news department official declined to comment.

Previous SASAC director Wang Yong was promoted to the State Council, or cabinet, on Saturday. Changes typically occur every few years at China's state-owned companies as the communist party reassigns top officials.

Mr. Jiang was appointed chairman of listed unit PetroChina in 2007 and has been chairman of CNPC since 2011.

PetroChina accelerated the development of its natural-gas business and acquired overseas oil-and-gas assets to increase its hydrocarbon reserves.

SASAC is in charge of regulating, reforming and restructuring China's state-owned enterprises and assets.
 

 

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Specialist
Expertise: Contracts Administration
Location: Lake Charles, LA
 
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
 
Automation Engineering Manager
Expertise: Electrical Engineering|Engineering Manager
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours