SINGAPORE, Aug 26 (Reuters) - Private Chinese oil refiner
and petrochemical manufacturers Hengli Petrochemical Corp and
Rongsheng Petrochemical Corp have each hired a new executive for
its Singapore trading desk, company officials said on Wednesday.
Hengli Petrochemical International Pte Ltd, the trading unit
for Hengli Petrochemical Co. Ltd, hired James Zhang, formerly
Head of Energy, Asia, at ICBC Standard Bank, as its deputy
president to drive the company's strategy and its day-to-day
operations, a company spokesman said.
Zhang started early this month, the spokesman said.
Separately, Zhu Yanyu, previously a veteran oil products
trading manager at state-owned oil and gas company PetroChina
, started in June at Rongsheng Petrochemical
(Singapore) Pte Ltd as a deputy general manager in charge of
refined products trading, said two company officials.
The Singapore operation is the international trading unit
for Rongsheng Petrochemical Corp, which is a key stakeholder in
Zhejiang Petrochemical Corp (ZPC), one of China's largest
private refiners which operates a 400,000 barrels per day
refinery in east China's Zhoushan.
ZPC became the first private Chinese refiner to win Chinese
government quotas to export low-sulphur marine fuel in April,
and in July the firm was granted a license to export other
(Reporting by Chen Aizhu and Shu Zhang; Editing by Christian