Li spent almost 30 years at Jiangxi Copper, rising through the ranks to become general manager and chairman before leaving in 2013.
New tax rules that will close loopholes that allegedly allowed them to sell fuel without paying consumption taxes.
Of the 10 licences, seven are in the North Sea, one in the Norwegian Sea and two in the Barents Sea.
- The price of OPEC basket of fourteen crudes stood at $67.54 a barrel on Tues.
U.S. gold futures were up 0.2% at $1,340 an ounce.
But rising US oil production looms over tightening markets
Goldman Sachs sees upside to its oil price forecast.
The deal is due to take effect in early February.
Chevron will resume oil and gas drilling operations at the Sarta 3 block in Iraqi Kurdistan "in the near future", a company spokeswoman said.
Supplier GTCS provided the lowest offer at $197 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat.