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August 27, 2013

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CNPC senior exec investigated

A senior executive of China’s biggest oil company has become the latest target in the country’s anti-corruption drive after being put under investigation for “discipline violations” by the Communist Party of China’s graft-fighting watchdog.

Wang Yongchun, a deputy general manager of China National Petroleum Corp, is being investigated for suspected “severe discipline violations” by the Central Commission for Discipline Inspection of CPC, Xinhua news agency reported yesterday, citing the commission.

But Xinhua did not give details of the allegations against Wang in its one-sentence report. Discipline violation usually refers to corruption among Party members.

Wang is also the general manager of CNPC’s Daqing Oilfield Co, which operates China’s second-largest oilfield in Heilongjiang Province.

Wang, 54, became the latest senior official in the state-owned corporate sector to be investigated. Earlier this month, Xu Long was removed from his post as chief of China Mobile Communications Corp’s Guangdong branch as he was being investigated for alleged discipline violations.

Wang, a senior engineer with more than 30 years of work experience in the petroleum industry, had been considered as a potential successor to CNPC’s former Chairman Jiang Jiemin who was appointed director of the State-owned Assets Supervision and Administration Commission earlier this year.

 




 

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