Liao Yongyuan (; born 1962) is a former Chinese business executive. He was the president of

China National Petroleum Corporation The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth ...

(CNPC), which is the oil giant of China. Liao is also nicknamed "Northwest Tiger" (). On March 15, 2015, Liao Yongyuan was placed under investigation by the Communist Party's anti-corruption agency.中国石油天然气集团公司总经理廖永远被查
/ref>

Career

Liao Yongyuan was born in

Songzi Songzi () is a city in the southwest of Hubei province, People's Republic of China, located in the middle reach and southern bank of the Yangtze River. It is a county-level city under the administration of the prefecture-level city of Jingzho ...

Hubei Hubei (; ; alternately Hupeh) is a landlocked province of the People's Republic of China, and is part of the Central China region. The name of the province means "north of the lake", referring to its position north of Dongting Lake. The p ...

in 1962. He graduated from Jianghan Petroleum University (now

Yangtze University Yangtze University (Yangtze U, ) is a provincial public university with campuses in Jingzhou and Wuhan, Hubei, China. The university was established by the incorporation of four public colleges: Jianghan Petroleum Institute (), Hubei Agricul ...

) and

China University of Petroleum The China University of Petroleum () is a state Double First Class University in China. It consists of China University of Petroleum (Beijing), and China University of Petroleum (Huadong). Both are regarded as the best universities in China a ...

. In 1999, Liao became the general manager of Tarim Oilfield (). He became the assistant to the general manager of the CNPC in 2004 and he became the Vice-President of CNPC in 2007. In 2013, Liao Yongyuan became the president of CNPC. On March 15, 2015, Liao Yongyuan was placed under investigation by the

Central Commission for Discipline Inspection The Central Commission for Discipline Inspection (CCDI) is the highest internal control institution of the Chinese Communist Party (CCP), tasked with enforcing internal rules and regulations and combating corruption and malfeasance in the pa ...

of the

Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Ci ...

for "serious violations of laws and regulations". He was expelled from the Communist Party on June 15, 2015. On January 19, 2017, he was sentenced to 15 years, and fined 1.5 million yuan.

References

{{DEFAULTSORT:Liao, Yongyuan 1962 births Living people People from Jingzhou Businesspeople from Hubei Expelled members of the Chinese Communist Party Chinese white-collar criminals