Plain English from CNOOC boss

Chinese oil giant, CNOOC is readying for its listing. Its president, Fu Chengyu spoke to FinanceAsia.

How many years have you worked in the oil industry

I graduated from the Petroleum Institute here in China in 1972. Since then I have worked in the oil industry. I have worked with foreign companies since 1983. My background was as a geologist but then I moved into planning and production. This was at the time when China determined it needed to attract foreign investment in the late 1970s. It wanted to attract foreign oil companies, and we started joint ventures in 1983.

You have had these relationships with foreign oil companies since 1983. What difference does that make to CNOOCs corporate culture compared to Sinopec or PetroChina

This is one...

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