Wednesday, January 29, 2020

Report: Statoil and Hydro's conflict of interest in Iraq

An evaluation of Norway’s Oil for Development Programme in Iraq concludes that the role of Statoil and Norsk Hydro in management of the project was “not appropriate".

The report gives credit to the two Norwegian oil companies for contributing resources and know how to the project, but raises a range of questions about possible conflict of interest.

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