China’s Central Commission for Discipline Inspection’s (CCDI) month-long investigation into the state-owned China Petrochemical Corp. (SNP:NYSE) has already resulted in the removal of Sinopec Oilfield Services Corp.’s Vice Chairman and General Manager Xue Wandong, Bloomberg reported. The CCDI unit began what it called the third round of inspections targeting 13 ministries and state-owned enterprises on November 24, according to its website. Sinopec was the first on that list. Xue’s ouster comes after recent probes into China National Petroleum Corp. removed at least seven officials there.
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