The charges are connected with the sale of 16 ships by the state-owned Petromin company to a Norwegian enterprise in the 1990s, prosecutors said.

BBC: NEWS | Europe | Eighty Romanian officials charged

After all, the Indonesian mining company is a state-owned enterprise (the government holds 65%), and SOEs are notorious for corruption, huge debts and insatiable appetites for subsidies.

CNN: Tin Time in Indonesia

PetroChina is China's most significant oil concern and is primarily owned jointly by the People's Republic of China and its largest state-owned energy enterprise, China National Petroleum Company (CNPC).

CENTERFORSECURITYPOLICY: Attachment to 00-C 33

He later made refrigerator components and then built a former state-owned enterprise into China's best-known motorcycle company.

FORBES: Autos