Two former CNOOC executives fall amid anti-graft storm

Veterans of state-owned oil giant suspected of serious violations of law and discipline

20240403 CNOOC logo file photo

© Reuters

LUYO GUOPING and HAN WEI, Caixin

Two senior executives at 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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