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Sinopec boss wins Petroleum1 Executive of the Year award
LONDON, Nov. 12 (Xinhua) -- 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 spoke2 highly of Fu's extensive experience in building partnerships3 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 catalyst4 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 technological5 services, enhancing international operation and management level and competitiveness, and cultivating Sinopec brand worldwide.
Fu started his career in oil industry in 1982, joining China National Offshore6 Oil Corporation (CNOOC). He became Sinopec's chairman in 2011. Under his leadership, Sinopec's overseas operation has expanded swiftly to more than 20 countries and regions including Southeast Asia, Africa and South America.
The Petroleum Executive of the Year award is the international energy industry's most prestigious7 award, given in recognition of outstanding leadership by an executive in the international energy industry.
Nominations8 for the award are solicited9 from CEOs and other senior managers of more than one hundred of the world's largest oil and gas firms, as they appear in the annual Top 100 rankings by Energy Intelligence.
The Petroleum Executive of the Year selection process begins with Energy Intelligence eliciting10 nominations from the heads of the 100 largest oil companies determined11 by the annual company rankings in Petroleum Intelligence Weekly, an EI publication. These nominations are then voted on by a committee of previous award winners and former senior oil executives.
By the end of 2011, Sinopec's total assets have increased by 17 percent year on year to 1.745 trillion yuan (279.2 billion U.S. dollars), ranking the fifth largest company in sales in Forbes Global 2000.
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1 petroleum | |
n.原油,石油 | |
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2 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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3 partnerships | |
n.伙伴关系( partnership的名词复数 );合伙人身份;合作关系 | |
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4 catalyst | |
n.催化剂,造成变化的人或事 | |
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5 technological | |
adj.技术的;工艺的 | |
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6 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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7 prestigious | |
adj.有威望的,有声望的,受尊敬的 | |
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8 nominations | |
n.提名,任命( nomination的名词复数 ) | |
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9 solicited | |
v.恳求( solicit的过去式和过去分词 );(指娼妇)拉客;索求;征求 | |
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10 eliciting | |
n. 诱发, 引出 动词elicit的现在分词形式 | |
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11 determined | |
adj.坚定的;有决心的 | |
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