According to CCTV News, Fu Chengyu, former Party Secretary and Chairman of China Petroleum and Chemical Corporation, is suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.
Fu Chengyu was born in Heilongjiang Province in 1951. He is a senior economist who graduated from the Geology Department of Northeast Petroleum Institute and later earned a master's degree in petroleum engineering from the University of Southern California. Starting in 1975, he worked in technical roles at oilfields including Daqing and Liaohe, and in 1982 he joined China National Offshore Oil Corporation.
In 1995, he became Vice President of the Asia division of Phillips International Petroleum Company, making him the first Chinese person to serve as an executive in the China region of a foreign enterprise. During his tenure as General Manager of CNOOC starting in 2003, he led the construction of the "Offshore Oil 981" deepwater drilling platform, helping China become a major producer of offshore oil and gas.
In 2011, Fu Chengyu was transferred to serve as Party Secretary and Chairman of China Petroleum and Chemical Corporation, where he advanced specialized restructuring, established refining and chemical engineering and petroleum engineering companies, and promoted their listings. In 2014, he launched mixed-ownership reform of the sales business, raising over 100 billion yuan in investment. He stepped down in 2015.
Fu Chengyu has received honors including the first prize of the National Science and Technology Progress Award, CCTV's Annual Economic Person of the Year, and Time magazine's "World's Most Influential People." In 2018, he was included in the "40 Returnees in 40 Years of China's Reform and Opening Up" list.
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