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Energy

Beijing taps outsiders to lead Sinopec and State Grid

Xi administration tightens grip on energy giants in blow to 'cliques'

China National Petroleum Corp. replaced its retiring chairman Jan. 17 as part of a broader leadership reshuffle in the energy sector.   © Reuters

BEIJING -- Three of China's largest state-owned energy companies replaced their top leaders Friday, two with industry outsiders, in what is seen as a bid by Beijing to assert greater control as well as a possible prelude to a broad sector realignment.

China Petrochemical -- better known as Sinopec Group -- China National Petroleum Corp. and State Grid Corp. of China all appointed new chairmen with immediate effect.

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