Iraq: Iraq Reveals Big Corruption File in Basra Oil Contracts Involving Two Int. Companies


May 13, 2019 | Sangar Ali, Kurdistan 24
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Iraq’s Commission of Integrity on Monday revealed corruption marred contracts between the state-run Basra Oil Company and two international firms over the purchase of loading arms. The contracts between the parties valued the purchase of loading arms at a total of $126 million, while the actual price should not have exceeded $40 million, the commission said in a statement, of which Kurdistan 24 received a copy.