China National Petroleum Corporation (CNPC) has announced it will sell most of its hotels by the end of 2017 and get rid of 4,300 company cars as part of a drive to end corruption and waste at the state-owned energy conglomerate, Reuters reported, citing a statement released by the Communist Party’s Central Commission for Discipline Inspection after its latest inspection. In a separate statement released on Sunday, China National Offshore Oil Corp – better known as CNOOC – listed the steps it was taking to address the problems the commission’s inspectors had found at the firm, including promising not to use company money to buy high-end cigarettes and liquor.
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