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CNPC lavishing money on luxury cars draws public anger

CHINA National Petroleum Corporation yesterday rebutted the allegation that it spent millions of yuan on luxurious cars for its senior executives, but its flawed explanation stirred up more public furor.

CNPC said its oil exploration company in Xinjiang Uygur Autonomous Region bought a Volkswagen Touareg L3.2 V6 priced at 800,000 yuan (US$125,840) in 2001 and an Audi L2.4 at 459,600 yuan in 2005, Beijing Business Today reported today.

Netizens blamed the country's biggest oil and gas producer for squandering millions of yuan to buy imported German cars despite government restrictions on the use of sedan cars by state-owned enterprises, the report said.

They also pointed out the irony that the first generation of Touareg L3.2 V6 debuted in 2002 at the Geneva Auto Show and was not introduced to China until 2003, but CNPC claimed it bought it in 2001.

"Did CNPC buy a concept car?" one of netizens said.




 

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