A one-line statement on the CDIC website announced on February 6, 2016, that Cai Xiyou, President of Sinochem Group, the Chinese energy and chemicals conglomerates, has been put under investigation for serious discipline violations. Cai Xiyou, a 30-year oil industry veteran who has been with Sinochem at least since 1995, was named to lead Sinochem in 2014, after a long career at China Petroleum and Chemical Corp (Sinopec) where he was previously a Communist Party committee member, Senior Vice President, and Sinopec Corp's General Consul.