In a significant development in China’s ongoing anti-corruption campaign, Yuan Guangyu, the former deputy general manager of China National Offshore Oil Corporation (CNOOC), has been formally indicted on bribery charges. The Supreme People’s Procuratorate announced on December 11, 2025, that the Xuzhou People’s Procuratorate in Jiangsu Province has filed charges against the 66-year-old former executive.
The case follows an extensive investigation conducted by the National Supervisory Commission, which concluded its probe and transferred the findings to judicial authorities for prosecution. With jurisdiction designated by the Supreme People’s Procuratorate, Jiangsu Provincial People’s Procuratorate approved Yuan’s arrest on allegations of corruption.
Prosecutors allege that Yuan exploited his influential positions—including director of CNOOC Bohai Oil Administration Bureau and executive vice-president and president of CNOOC Limited—to provide improper benefits to certain entities and individuals. According to the indictment, he accepted substantial illicit property from others, with the involved amount described as ‘extremely huge’ by judicial authorities.
During the legal proceedings, judicial officials have followed standard protocol by informing Yuan of his defendant rights, conducting interrogations, and consulting with his defense counsel. The case represents another high-profile prosecution in China’s systematic anti-graft campaign targeting senior corporate executives in state-owned enterprises.
Yuan, who had spent his entire career within the CNOOC system, was initially placed under investigation in March 2025, marking the beginning of a nine-month process that has now culminated in formal charges.