Fu Chengyu (pictured), the former Chairman of Sinopec Group, ranked third in the Fortune 500, is this year’s recipient of The Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy, presented by Abdullah bin Hamad Al Attiyah, Chairman of the Al-Attiyah Foundation, a non-profit organisation.
During his four years at the helm of Sinopec, Chengyu vigorously reformed the company to prominence on the international stage, increasing its market capitalisation by $30bn and positioning
Sinopec third place in the Fortune 500. As former Chairman and CEO of China National Offshore Oil Corporation (CNOOC), Fu Chengyu was instrumental in transforming the company, increasing its market capital from $8bn to $12bn and in 2005, initiating CNOOC’s $18.5bn acquisition of US Unocal, turning a new page of overseas acquisitions by Chinese firms.
“Fu Chengyu has made an outstanding contribution to the industry over the course of his career, and is truly one of the most influential business leaders in China. I look forward to honoring his work and Lifetime Achievement at our award ceremony on 1 May.” said Abdullah bin Hamad Al Attiyah, Chairman of the Al-Attiyah Foundation.
In accepting his invitation to come to Qatar to receive the honorary award, Chengyu said: “I am grateful and humbled to have been nominated to receive the Al-Attiyah Foundation’s International Energy Award for Lifetime Achievement. I look forward to the evening.”
The Al-Attiyah Foundation bestows one Honorary Award each year to an outstanding global energy leader for their exceptional impact on the energy industry with distinct personal achievements for a consistent and prolonged period.
The 2019 accolade will be presented to Fu Chengyu at the seventh edition of the Awards, to be held at the Sheraton Hotel, Doha, on 1st May. The evening is attended by an exceptionally prestigious list of over 300 past and present leaders from industry, academia and government. In addition, many of the Foundation’s international award-winning alumni will be present.
