Wei Zhigang, the former head of PetroChina’s (PTR.NYSE, 601857.SHA, 0857.HKG) Indonesian unit, is being investigated by the Chinese government as part of its broader probe into the company’s leadership, Reuters reported, citing Chinese oil industry sources familiar with the matter. PetroChina and its parent firm, China National Petroleum Corporation, are at the center of one of the biggest corruption investigations into the Chinese state sector in years. Until now, no executives from PetroChina’s foreign operations have been implicated.
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