Li Yong (executive)

After graduating university in 1984, Li was assigned to the newly founded China National Offshore Oil Corporation, where he served in several positions, including assistant engineer, engineer, director of the Comprehensive Technology Department and the Drilling Testing Department of the Exploration Department, director of the Drilling and Completion Office, deputy general manager of the Tianjin Branch, executive vice president of CNOOC Oilfield Services Co., Ltd., and president of CNOOC Oilfield Services Co., Ltd.^[1] He was promoted to assistant general manager and executive vice president of China National Offshore Oil Corporation in June 2016, while also serving as director and party secretary of the Bohai Oil Management Bureau (Tianjin Branch).^[1]

In March 2017, he was transferred to Sinopec and appointed deputy general manager, a position he held for three and a half years.^[1]

He returned to China National Offshore Oil Corporation in September 2020 and rose to become vice chairman and general manager, serving in those positions until his retirement in December 2023.^[1][2]

On March 15, 2024, Li came under investigation for "serious violations of discipline and laws" by the Central Commission for Discipline Inspection (CCDI), the Chinese Communist Party's internal disciplinary body, and the National Supervisory Commission, the highest anti-corruption agency in China.^[3][4] On September 11, he was stripped of his posts within the CCP and in the public office.^[5] On September 27, he was detained by the Supreme People's Procuratorate.^[6]

On 13 February 2025, Li was indicted on suspicion of accepting bribes.^[7] On April 29, he stood trial at the Intermediate People's Court of Xiangyang on charges of taking bribes, he was accused of abusing his powers in former positions he held between 1996 and 2023 to seek benefits for relevant organizations and individuals in business agency, product sales and job adjustment, in return, he accepted money and gifts worth more than 67.94 million yuan ($9 million) directly or through personnel with whom he had specific relations.^[8]On August 5, he was sentenced to 14 years and fined 3 million yuan for taking bribes, all property gained from the bribery would be turned over to the national treasury.^[9]