RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-05-04 11:40:00

SINOPEC PRESIDENT DETAINED

SINOPEC PRESIDENT DETAINED

A widening corruption probe in China has ensnared another oil executive, this time the number two man at state owned Sinopec.

Sinopec president Wang Tianpu was detained by Communist party officials on Monday for suspected "serious violations of discipline and law," the Financial Times said.

Wang was appointed president in June 2000 and is currently listed as a member of the party committee at the China Petroleum Corporation on Sinopec's website.

China's Central Commission for Discipline Inspection confirmed the probe but has not disclosed further details about the case.

Wang has resigned from his post as vice chairman and non-executive director at Sinopec's publicly traded unit, China Petroleum and Chemical Corporation, Bloomberg said.

Sinopec chairman Fu Chengyu said in an interview with Chinese media that his company supports "the government's long-term anti-corruption effort, not just cracking down on illegal acts disciplinary wrongdoings as well."

The arrest comes just weeks after former China National Petroleum Corporation chief Jiang Jiemen admitted to taking bribes while running the state-owned firm.

Chinese officials ramped up corruption fighting efforts in 2013 and have turned up several instances of suspected graft and corruption at state-owned energy firms.

petroglobalnews.com

Tags: CHINA, SINOPEC,
Chronicle:
SINOPEC PRESIDENT DETAINED
2022, June, 28, 11:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
SINOPEC PRESIDENT DETAINED
2022, June, 28, 11:43:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
SINOPEC PRESIDENT DETAINED
2022, June, 28, 11:40:00
S.KOREAN NUCLEAR SUPPORT
South Korea’s new president, Yoon Suk-yeol, said on 22 June that in order to rebuild the nuclear industry that was “devastated by the previous administration”, the government will allocate KRW92.5 billion ($70 million) from the energy budget for the restoration of nuclear power generation capacity.
SINOPEC PRESIDENT DETAINED
2022, June, 28, 11:35:00
U.S. SMR FOR ROMANIA
Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.
SINOPEC PRESIDENT DETAINED
2022, June, 28, 11:30:00
U.S. SOLAR POWER 25%
US Energy Information Administration reports a capacity factor of 25% for solar generation.
SINOPEC PRESIDENT DETAINED
2022, June, 28, 11:25:00
AUSTRALIAN SMART ENERGY
As energy is of national importance, a national policy, national rules and regulations are necessary. At the same time, we are facing massive changes in the energy sector.
SINOPEC PRESIDENT DETAINED
2022, June, 27, 11:45:49
OIL PRICE: BRENT NEAR $113, WTI ABOVE $107
Brent edged down 8 cents to $113.04 a barrel , WTI was at $107.38 a barrel, down 24 cents.
All Publications »