Brightoil's Trading Chiefs Depart, ex-Sinochem Trader Joins
Two senior trading heads have left Brightoil Petroleum Holdings Ltd, and the company has hired a former executive from China's state-run Sinochem, marking a reshuffle at its Asia trading operations, senior trading sources said. Brightoil's Singapore head of crude oil and head of fuels have left the firm, the sources said, while it has hired Wang Wei, former head of trading of Sinochem's Singapore operations, to be chief executive of Singapore oil trading, a new position.
Brightoil Eyes Upstream After Bohai Purchase
Hong Kong-listed oil trader Brightoil Petroleum Holdings Ltd said on Wednesday it expects its upstream business to be the key long-term growth driver for the group following its acquisition of oil blocks in China's Bohai Bay. Chief financial officer Danny Tan was speaking at a media briefing on the company's strategy. Brightoil, which is involved in oil trading and also owns tankers and storage facilities, announced in February that it had…