Former CNOOC executive investigated for corruption

Former CNOOC executive investigated for corruption

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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