Wang Yilin

Wang Yilin assumed a leadership role in the state-owned CNPC in 2003, brining onboard over 30 years of expericne in China’s oil and gas industry. In addition to the company’s onshore and offshore operations in the People’s Republic of China, Africa, Central Asia-Russia, South America, the Middle East, and Asia-Pacific, the company also owns and operates a pipeline network of 79,054km of both crude oil, natural gas, and refined products. Over the years, Yilin built a particularly solid relationship with Russia’s oil and gas major players. The last of his meetings with the chairman of Gazprom’s management committee Alexey Miller was held to start commercial negotiations on gas supplies from Russia to China. Recently, Abu Dhabi National Oil Company (ADNOC) signed an agreement with CNPC awarding it 8% interest in an onshore oil concession operated by ADCO in return for a sign up bonus of $1.77bn which CNPC had paid to enter the concession. The agreement was signed by Yilin and ADNOC’s CEO Sultan Ahmed al-Jaber, stipulating the term of 40 years starting backdated to January 2015. Under Yilin’s leadership, the company, which was founded in 1955, is definitely following a new approach, making it leaner in the face of the current tough conditions.