Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
China probes former oil chief for graft
by Staff Writers
Beijing (AFP) Oct 8, 2015


China's ruling Communist party said it is investigating the former boss of state-run energy giant Sinopec for alleged corruption -- the latest figure in the oil sector to be probed.

Su Shulin is suspected of "serious disciplinary violations" -- normally a euphemism for corruption -- party anti-graft body the Central Commission for Discipline Inspection said on its website late Wednesday.

He is the second highest ranked official in the eastern province of Fujian and the former chief of oil giant Sinopec, second on Fortune magazine's Global 500 company list.

Sinopec's parent company CNPC was a power base for China's former domestic security chief Zhou Yongkang, the highest level victim of an anti-corruption campaign touted by China's President Xi Jinping.

Zhou was a central figure in what analysts termed the "oil faction" of influential politicians who have ties with China's powerful and lucrative petroleum industry.

He was jailed for life in June, and dozens of others in the sector have been placed under investigation.

Some analysts see the probes into the oil sector as part of efforts by Xi to assert control over China's state owned enterprises.

Ex-Sinopec president Wang Tianpu, who was put under investigation in April, was found to have taken bribes, offered benefits in exchange for his own promotion, and embezzled public assets, the party said.

Xi has pursued the anti-graft drive since taking office, vowing to go after both senior "tigers" and low-level "flies".

But critics say the drive is open to factionalism and that the Communist Party has failed to introduce systemic reforms to prevent graft, such as public disclosure of assets.

When the party announces a probe into a high level official it is almost certain that their case will later be passed over the courts where they will likely receive a jail sentence.

Su, 54 started his career in the Daqing oilfield in the northeast.

Su wrote in Communist party's mouthpiece the People's Daily in August condemning corruption, comparing Zhou and other officials to a "rotten family".

psr-tjh/fa

Sinopec


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Erdogan warns Russia over Turkey nuclear, gas deals
Ankara (AFP) Oct 8, 2015
Turkish President Recep Tayyip Erdogan on Thursday warned Russia that Ankara has alternatives to Moscow for building its first nuclear power plant and importing gas, as tensions rise over the Russian bombing campaign in Syria. Russia is building Turkey's first nuclear power plant in Akkuyu on the shores of the Mediterranean, a controversial $20 billion project aimed at improving its energy s ... read more


OIL AND GAS
DOE selects UC Berkeley to lead US-China energy and water consortium

Now 'right moment' for carbon tax: IMF chief

Leaders call for carbon pricing worldwide

ADB supports Indonesian energy diversity

OIL AND GAS
Fusion reactors 'economically viable' say experts

Iron-gallium alloy shows promise as a power-generation device

New polymer creates safer fuels

Extending a battery's lifetime with heat

OIL AND GAS
Microalgae biomass as feedstock for biofuel, food, feed and more

Barley straw shows potential as transport biofuel raw material

Green biomass entails potential as well as challenges

Bravo to biomass

OIL AND GAS
Risk of cyber attack on global nuclear facilities growing

Bolivia signs nuclear agreement with Russia's Rosatom

Erdogan warns Russia risks losing Turkey energy deals over Syria

Russia's Rosatom Hopes Cooperation With Turkey Unaffected by Politics

OIL AND GAS
Climate aid from rich nations at $62 bn in 2014: report

Surface of the oceans affects climate more than thought

Vulnerable nations launch 'V20' to fight climate change

60 mn people in sub-Saharan Africa risk famine: Red Cross

OIL AND GAS
Uber says will expand service to 100 Chinese cities

Scandal-hit VW needs more than a year to fix all cars

Could candle soot power electric vehicles

Toyota unveils self-driving car

OIL AND GAS
Iraq PM opens Baghdad Green Zone to traffic

Iraq car bombs kill 50, rare attack in south

US protests Baghdad opening Green Zone to traffic

Bombings kill 13 in Shiite areas of Baghdad

OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.