Geopolitik Energi

May 11, 2007

Chevron seen settling case on Iraq oil

http://www.iht.com/articles/2007/05/08/business/08chevron.php

Chevron seen settling case on Iraq oil

By Claudio Gatti and Jad Mouawad

 

Tuesday, May 8, 2007
Chevron, the second-largest American oil company, is preparing to acknowledge that it should have known kickbacks were being paid to Saddam Hussein on oil it bought from Iraq as part of a defunct United Nations program, according to investigators.

The admission is part of a settlement being negotiated with United States prosecutors and includes fines totaling $25 million to $30 million, according to the investigators, who declined to be identified because the settlement was not yet public.

The penalty, which is still being negotiated, would be the largest so far in the United States in connection with investigations of companies involved in the oil-for-food scandal.

(more…)

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May 10, 2007

ABOUT IRAQ: OIL!

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