Moves: Head of crude oil at PetroChina's trading unit resigns to join BOC Intl -sources

Bougainville Copper

27/09/2018 08:52

BEIJING/SINGAPORE, Sept 27 (Reuters) - Zhang Peng, head of
the crude oil department in PetroChina's  0857.HK   601857.SS 
trading unit, has resigned after nearly 15 years with the firm,
four sources with knowledge of the matter said on Thursday.
    Zhang is expected to join Bank of China International's
(BOCI) commodity team based in Hong Kong, said the sources,
declining to be identified as they were not authorised to speak
with media.
    BOCI is a clearing member of key global commodity exchanges
such as ICE and the London Metal Exchange (LME).
    Zhang declined to comment. PetroChina and BOCI did not
immediately respond to requests for comment.
    Zhang's resignation from Chinaoil marks the second departure
from a senior role at the state oil trading firm in about 18
months.
    Zhang was promoted to his role at Chinaoil from a deputy
position in early 2017, succeeding Li Chuang who resigned. 
    Li later joined Geneva-based Swiss commodities trader
Mercuria as its Asia crude team leader. 
    Zhang, in his late 30s, worked in Chinaoil's crude oil
department throughout his career with the company, including
assignments in Houston and Calgary. 
 

 (Reporting by Chen Aizhu in Beijing and Florence Tan in
Singapore
Editing by Joseph Radford)
 ((aizhu.chen@thomsonreuters.com; +8610 66271211; Reuters
Messaging: aizhu.chen.reuters.com@reuters.net))