Four Ex-CNOOC Executives Stung in Graft Crackdown
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What’s new: Four former executives of China National Offshore Oil Corp. Ltd. (CNOOC) have been placed under investigation for “suspected serious violations of discipline and law,” the country’s top graft-buster announced, as an anti-corruption crackdown sweeps through the energy sector.
The targets include Zi Shilong, former deputy general manager of CNOOC’s department of legal and foreign affairs; Cao Shujie, former external director of CNOOC’s group office and former director of a subsidiary; Yu Guimin, ex-Communist Party committee member, deputy general manager and chief engineer of the company’s Tianjin branch; and Deng Jianming, former deputy general manager at the engineering and technical department of CNOOC Ltd., the company’s listed arm, the Central Commission for Discipline Inspection (CCDI) said in separate notices Tuesday.
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- Four former executives of CNOOC are under investigation for suspected serious violations of discipline and law.
- The officials targeted include Zi Shilong, Cao Shujie, Yu Guimin, and Deng Jianming; details on the reasons for investigation were not provided.
- Anti-corruption measures have intensified in China's state-controlled energy sector, impacting numerous top executives this year.
- China National Offshore Oil Corp. Ltd. (CNOOC)
- China National Offshore Oil Corp. Ltd. (CNOOC) is a major state-controlled oil and gas company in China. Recently, four of its former executives have been placed under investigation for suspected serious violations of discipline and law as part of a broader anti-corruption crackdown in the energy sector. Earlier this year, several other senior executives from the company and other state-owned oil enterprises faced similar probes.
- China National Petroleum Corp.
- China National Petroleum Corp. (CNPC) saw its former chairman and Communist Party chief, Wang Yilin, placed under investigation in February for suspected serious violations of law and discipline, four years after his retirement. This move is part of a broader anti-corruption crackdown sweeping China's state-controlled oil and gas sectors.
- China Petroleum and Chemical Corp. (Sinopec)
- China Petroleum and Chemical Corp. (Sinopec) is a state-owned enterprise and one of the largest oil and gas companies in China. Recently, Duan Yanxiu, former party head of its natural gas business unit, faced a downfall amid anti-corruption investigations within the state's energy sector.
- February 2024：
- Wang Yilin, former chairman and Community Party chief of China National Petroleum Corp., was placed under investigation.
- March 2024：
- The CCDI launched a probe into Fang Zhi, a former vice president of CNOOC.
- March 2024：
- Li Yong, a former deputy Communist Party head and general manager of CNOOC, was put under investigation for graft.
- Tuesday, July 9, 2024：
- The CCDI announced the investigation into four former executives of CNOOC: Zi Shilong, Cao Shujie, Yu Guimin, and Deng Jianming.
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