Former CNOOC executive sentenced to 14 years for corruption, Chinese state media reports

Former deputy Party secretary and general manager of China National Offshore Oil Corporation, Li Yong, was sentenced on Tuesday to 14 years in prison for corruption, state media CCTV reported.

Li, who retired in December 2023, and was found to have illegally accepted property worth more than 67.94 million yuan ($9.45 million), either directly or through others, according to the report.

Another retired senior executive at CNOOC, Guangyu Yuan, was expelled from the Communist Party and placed under investigation for serious violations of Party discipline and the law, the Central Commission for Discipline Inspection announced on July 31. ($1 = 7.1864 Chinese yuan renminbi)

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