bribery
Posted inProducts & Services
Abu Dhabi suspension leaves Petrofac cut off from key markets, says GlobalData’s MEED
ADNOC banned Petrofac from new projects following bribery charges brought against a former executive at the EPC giant
Posted inDRILLING & PRODUCTION
SFO alleges Unaoil agents paid $6mn bribes in Iraq for oil contracts
As the SFO trial began on Thursday, three Unaoil agents faced counts of conspiracy for allegedly bribing South Oil Company
Posted inProducts & Services
Former Unaoil executive pleads guilty to corruption in Iraq bribery case, SFO says
This is the first conviction in the SFO’s probe into the company, and three other former employees face a criminal trial in six months
Posted inDRILLING & PRODUCTION
Petrofac addresses SFO bribery investigation in 2018 financial results
The company reported a 2% drop in its business performance net profit, and a $5.3bn in secured revenue for 2019.
Posted inProducts & Services
Former Sinopec chairman sentenced to death
Chen Tonghai found guilty by Chinese court of taking $28.66m in bribes