Apr 03, 2024 05:05 AM

BUSINESS

Two Ex-Executives of CNOOC Fall Amid Anti-Graft Storm

By Luo Guoping and Han Wei

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What’s new: Two senior executives of state-owned oil giant China National Offshore Oil Corp. (CNOOC) have been placed under investigation as an anti-corruption crackdown sweeps through the oil and gas industries.

Fang Zhi, a former vice president of CNOOC, and Chen Ming, a former manager of the company’s Tianjin operation, are under investigation on suspicion of serious violations of law and discipline, the country’s top graft buster said in a Tuesday statement.

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