Wuhan Oil Group Co., Ltd. Transferred to China
             Petrochemical Group Corporation
The ceremony for transferring Wuhan Oil Group Co., Ltd.  to
China Petrochemical Group Corporation was held in  Beijing
on September 1. Zhang Jiaren, Deputy  General  Manager  of
China Petrochemical Group Corporation and Duan Lun,   Vice
Mayor of Wuhan City signed the agreement. Wuhan Oil  Group
Co., Ltd. was  a  listed  company  under  Wuhan  Municipal
Government before the transfer.