Middle East Economic Survey

VOL. XLVII

No 27

05-July-2004

IRAN

Statoil Fined By Norwegian Authorities Over Iran Bribery Claims

Statoil has been fined 20mn Kroner by Økokrim (Norways National Authority for Investigation and Prosecution of Economic and Environmental Crime) for illegal trading in influence, following an investigation into a contract between Statoil and Iranian-owned Horton Investment. Reports alleging that the contract was a cover for bribing Mehdi Hashemi Rafsanjani, son of former...