Zhongxin Finance, January 20. On the morning of January 20, PetroChina Co., Ltd. issued a clarification announcement saying that it noticed some media reports on January 19 about PetroChina Fuel Oil Company reselling imported crude oil.
PetroChina Co., Ltd. said that PetroChina Fuel Oil Co., Ltd. is a wholly-owned subsidiary of the company.
The National Audit Office found irregularities in the company's crude oil trading during a routine audit.
The company has always actively cooperated with the investigation, carefully checked the company's internal control system, improved the company's crude oil trading system, and completed the rectification of relevant problems.
At present, the company's production and operation are not affected.
After verification and investigation by the Joint Investigation Team of the State Council, in June 2006, the fuel oil company sold 400,000 tons of imported crude oil to Shandong Binhua Group in the name of "blended fuel oil".
Over the years, PetroChina has sold a total of 179.5 million tons of imported crude oil to 115 local refining companies. During this period, the main leaders of PetroChina were seriously negligent in their duties.
PetroChina's reselling of imported crude oil violates the Administrative Licensing Law and other laws and regulations and relevant regulations on the management of crude oil and refined products, seriously violates the national industrial policy, seriously disrupts the oil market order, encourages the blind development of outdated production capacity of illegal refining enterprises, and encourages some localities. Illegal approval of local refining projects has damaged the market environment of fair competition, indirectly caused the loss of national fiscal and tax revenue, and seriously damaged the party spirit and social atmosphere.
After a serious investigation by the Central Commission for Discipline Inspection and the State Supervision Commission on the dereliction of duty and dereliction of duty by relevant party organizations and party members and leading cadres, the PetroChina party group bears the main responsibility, the fuel oil company bears the direct responsibility, and the relevant functional departments of the PetroChina bear the supervisory responsibility.
The relevant leading cadres, functional departments and relevant responsible comrades of the fuel oil company of CNPC failed to perform their duties properly and bear corresponding responsibilities.
According to the decision of the Party Central Committee and the State Council, the relevant departments have seriously dealt with the issue of PetroChina's reselling of imported crude oil in accordance with regulations, disciplines and laws, and recovered the profits made by PetroChina from reselling imported crude oil in violation of laws and regulations.
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