Liao Yongyuan is the Executive Director and Vice President of the Company, and Deputy General Manager and Safety Director of CNPC.

Mr Liao is a master's degree holder and a senior engineer. He has nearly 25 years of working experience in China's oil and gas industry. He was the General Manager of Tarim Oilfield Branch Company since September 1999, and also Deputy Director of Gansu Provincial Economic and Trade Committee since October 2001. He has worked as the Assistant to the General Manager of CNPC since January 2004. He was appointed as a Deputy General Manager of CNPC since February 2007 and Safety Director since July 2007. He has been a Vice President of the Company since November 2005. Since May 2008, he became the Executive Director of the Company.