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Iraq threatens to expel the Australian company Leighton in the event of proven violations committed
2/16/2012 9:26
BAGHDAD / Aswat al-Iraq: Iraq has threatened to expel the company Leighton Holdings Limited outside the country if they are found involved in financial abuses or mistakes, what would be barred from working in the Australian company oil and gas fields of Iraq, amid an investigation by federal police Australian on the company, according to the Journal of Financial Australia.
, the magazine said the company had said earlier this week, it was working with federal police Australian on investigation into the payments probably gave it the company Leighton Offshore affiliates in matters related to exports of oil from Iraq.
The magazine said the deputy director of contracts and licensing of oil the Iraqi Oil Ministry, Sabah al-Saadi, told police the Australian federal contracts Leighton current and qualification to participate in the bidding in the future may be threatened if any evidence to commit errors.
The magazine quoted Saadi as saying that "Iraq has worked hard to establish industry transparent in oil, gas, and these allegations prove to cause damage is too large for our reputation the world."
He added: "I do not want to anticipate the judgment, which could come of the investigation, but we certainly expect the international companies such as Leighton to adjust its performance to the best international standards. "
and stressed that "anything less than that has no place in our industry here in Iraq."
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