Labourers work at a well head in a PetroChina oil field in Tongnan, southwest China's Sichuan province. China National Petroleum Corp (CNPC) will be naming a new global trading arm chief to take the place of the veteran Wang Lihua, who is retiring shortly. Photo: Reuters

CNPC names new head of oil trading arm to replace Wang Lihua

China National Petroleum Corp (CNPC) will install its domestic fuel sales chief to head the state-owned oil giant’s trading arm, succeeding Wang Lihua who is retiring after two decades guiding one of the world’s top oil merchants, sources said.