Shanghai: Former vice president of China National Offshore Oil Corporation (CNOOC), Wu Zhenfang, has been taken away by authorities for corruption investigations, according to an announcement from State-owned Assets Supervision and Administration Commission (SASAC).
Wu, 63, retired from his position in 2014 following 34 years of service at CNOOC.
He was mainly in charge of CNOOC’s LNG projects in Guangdong, Fujian, Shanghai and Zhejiang and many acquisition deals at CNOOC. He also led the contract negotiations for the first China-built LNG carrier Da Peng Sun.
