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Oil industry snared in China’s corruption crackdown

Officials from CNPC and PetroChina are under investigation for serious discipline violations

After the blockbuster corruption and abuse of power trial of former Chongqing governor Bo Xilai came to an end last week, China’s president Xi Jinping wasted no time turning the focus of his anti-graft crackdown onto his next target: the oil sector. Some in China have dubbed it the “petro-purge”. On 26 August, the Chinese government said that Wang Yongchun, a vice president at China National Petroleum Corporation (CNPC), China’s largest oil producer and largest state-owned enterprise, had been put under investigation for disciplinary breaches, without going into further detail. Wang was in charge of managing the Daqing oilfield, China’s largest, and played a key role in building CNPC’s busi

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