Sinopec Restructures Overseas Unit
BEIJING, July 31 (Reuters) - Chinese energy giant, Sinopec Group, is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters, in a major shakeup aimed at cutting costs and boosting efficiency, company sources said. China's state oil giants have since last year been trying to focus on ensuring better returns to foreign investments after a wave of expansion in recent years. The shift in emphasis, which has become more pronounced in recent months, has been partly triggered by Beijing's tough anti-graft campaign and also the slump in oil prices.
Eastern Africa: The Emerging Oil and Gas Frontier
With a 35+year track record in and on Africa, Global Pacific & Partners hosts this landmark meeting on Eastern Africa. Now in its 5th year, Global Pacific & Partners invites you to this annual event held in Nairobi, Kenya, providing unrivalled new insights into the upstream opportunities, open acreage, bid rounds, new ventures, oil/gas investments, key upstream players, and corporate/government strategies in this vast region of fifteen countries covering onshore and offshore potential, from Eritrea to South Africa, including across the Mascerene islands. Over 350 senior executives attended the Conference in 2013, with 36 exhibitors.
