Brightoil Petroleum Holdings Ltd News

The International Bunker Industry Association (IBIA) has introduced its new Chief Executive, Justin Murphy, who akes up his new position from February 13, 2017. From 2013 to 2015, Murphy was CEO of Brightoil Shipping, Singapore and Executive Director at HKSE listed Brightoil Petroleum (Holdings) Ltd, an Energy conglomerate with bunkering and ship owning divisions. Prior to that, Murphy held director and board positions at several firms involved in shipping, including Teekay, AET, and a stint as head of shipping at Macquarie Bank.

Hong Kong-listed oil trader Brightoil Petroleum Holdings Ltd said on Wednesday it expects its upstream business to be the key long-term growth driver for the group following its acquisition of oil blocks in China's Bohai Bay. Chief financial officer Danny Tan was speaking at a media briefing on the company's strategy. Brightoil, which is involved in oil trading and also owns tankers and storage facilities, announced in February that it had agreed to buy Anadarko Petroleum Corp's stakes in two oil blocks in Bohai Bay off China's northeast coast for $1.08 billion in a major push into the upstream segment. Reporting by Charlie Zhu