News
18 May 2020

Sinopec 'appoints new oil trading chief amid 2018 loss probe'

In:
Oil & gas
Region:
Asia-Pacific

China’s Sinopec has appointed Chen Gang, acting president of its trading arm Unipec, as the new managing director of the unit, sources said.He replaces former president Chen Bo, who was suspended in 2018 after Unipec incurred record derivatives trading losses that are the subject of an...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
03 September 2026

Taean: A Korean offshore wind test case for ECAs

The embryonic Korean offshore wind market is a long way off project finance adolescence. A viable ECA-backed template for big-ticket projects is set to emerge next year – but...

Perspective
03 September 2026

Serica and Adura: A modest comeback for North Sea RBLs

Serica Energy’s oversubscribed $750 million refinancing and Adura’s $3 billion RBL show that bank liquidity is returning to the UK’s North Sea. But it is returning on terms...