Offices of PetroChina and SPC to be merged soon

Chinese oil giant PetroChina which acquired Singapore Petroleum Co. (SPC) for US$3.2 billion last October intends to merge their two Singapore offices, bringing a total of an estimated 300-plus employees under one roof. Disclosing this in SPC’s latest first-quarter newsletter, Xia Hongwei, managing director of PetroChina Singapore, who is now also SPC chairman, said the move will come “very soon.” It follows the merger of the two companies’ Singapore trading operations over the past few months which was the first step by PetroChina to integrate their operations, he added. (April 21, 2010)