A Chinese court on Tuesday sentenced a former senior executive of a state oil company to 20 years in prison after finding him guilty of corruption. The sentencing of Wang Yongchun, a former deputy general manager of China National Petroleum Corp., came a day after a former CNPC chairman, Jiang Jiemin , was given 16 years’ imprisonment for corruption . The Xiangyang Intermediate People’s Court in central China said Mr. Wang received 49 million yuan ($7.9 million) in bribes between 2000 and 2013 and failed to explain the source of another 42 million yuan. It said Mr. Wang—at Mr. Jiang’s direction—provided assistance to others, causing huge losses to the state. China’s oil industry has been targeted in a sweeping anti-graft campaign that has toppled many high-ranking officials of state companies. The oil industry used to be a power base for Zhou Yongkang, a retired member of the all-powerful standing […]