Big Three Oil Companies Undergo Leadership Reshuffle

(Beijing) – China's three oil giants have recently completed a reshuffle of top executives as the chairmen of two firms that have been mired in graft scandals retired.

Zhou Jiping retired as head of China National Petroleum Corp. (CNPC), as did Fu Chengyu, chairman of China Petrochemical Corporation (Sinopec). The two companies' Communist Party committees announced the new to employees in late April, sources with knowledge of the matter said.