Global Investigations Review - The law and practice of international investigations

Unaoil paid $6 million in bribes to profit from Iraq oil project, court hears

By James Thomas

23 January 2020

Unaoil paid $6 million in bribes to profit from Iraq oil project, court hears Credit: iStock.com/whitemay

Former Unaoil and SBM Offshore executives corrupted a competitive tender process for $800 million in contracts that were part of an effort to resurrect Iraq’s oil industry, a prosecutor has said.