Chairman Wang Yupu’s Lunar New Year greetings to overseas colleagues

January 23, 2017
Dear overseas colleagues,

As the Year of Rooster is coming, on behalf of SINOPEC Group, I would express to you and your family my warmest greetings and best wishes for the approaching Chinese Spring Festival.

The past year was one with daunting challenges and complex environment for us. And it is your earnestness, responsiveness and sense of mission that make Sinopec ride out various difficulties and deliver the full-year target with hard-won performance. There are a number of worth-mentioning highlights I would like to share with you. In E&P, we achieved initial effects after restructuring overseas oil and gas business for improved profitability and competitiveness. The efforts of going global bore new fruits in refining and chemical businesses. Market shares in engineering and oilfield services expanded worldwide against the headwind of sluggish market. New developments were made in crude oil and refined products trading. And international JV cooperation as well as technology partnership advanced steadily. All these achievements contribute to Sinopec’s transformation of growth pattern and industrial restructuring focusing on quality, efficiency and upgrading. Meanwhile, you did remarkably well in fulfilling social responsibilities, benefiting local employment and communities, promoting talent training and environment friendliness, and gaining full recognition of the governments and people of the host countries. All these were harvests of your wisdom and diligence as well as your family’s support and understanding. Please accept my sincere appreciation to you and your family.

Looking into 2017, challenges and opportunities co-exist. Difficulties and hopes represent two sides of the coin. Every one of us is expected to be responsive to the future, fostering strengths and circumventing risks. We count on your sense of responsibility, your confidence for the future, and your dauntless sprit ahead of difficulties, to engage all the businesses of Sinopec fully integrated and well-coordinated, to manage risk stewardship and prevention, and to record even better operational results. Bearing in mind working overseas also means to address different pressure and quests, I would be glad to see all of you continue to work together in team spirit and achieve common growth in both career and life.

Again, I sincerely wish you and your family health, happiness and prosperity in the Year of the Rooster.