CNOOC former manager under investigation, state media reports

A former general manager of Chinese state oil major CNOOC 0883.HK, Li Yong, is under investigation by the country's anti-corruption agencies, according to CCTV, Report informs referring to Reuters.

Li, who resigned from the company in December 2023, is suspected of "serious violations of discipline and law," the CCTV report said.

Li was appointed as general manager and vice chairman of CNOOC September 2020, having formerly served as an executive at other national oil company Sinopec 0386.HK.