# New Sinopec chief pushes reset for world’s biggest oil refiner

https://mins.news/en/item/31311

- Reuters, 2026-08-25 06:45 UTC
- Economy
- Original: https://www.reuters.com/world/asia-pacific/new-sinopec-boss-presses-reset-worlds-biggest-oil-refiner-2026-08-25/?link_source=ta_bluesky_link&taid=6a8d39fa0602a6000171ce6a

> Hou Qijun is moving to transform Sinopec, the world’s largest oil refiner, as it confronts falling fuel demand, petrochemical overcapacity and what is described as the world’s worst oil crisis. Unlike other Chinese state executives, he could have simply coasted toward retirement.