China’s State-Owned Oil Importer Unipec Suspends 2 Top Officials

China’s State-Owned Oil Importer Unipec Suspends 2 Top Officials
Unipec's President Chen Bo speaks at the 34th Asia Pacific Petroleum Conference (APPEC) in Singapore, on Sept. 24, 2018. Edgar Su/Reuters
Frank Fang
Updated:

China’s largest crude-oil importer Unipec has suspended two of its top officials after recent severe losses at the company.

Chinese media first reported that an unidentified official at Unipec, the trading arm of China’s state-owned oil and gas company Sinopec, was suspended due to trading losses.

Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
twitter
Related Topics