Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

IRAN

Statoil Accepts Fine By Norwegian Authorities Over Iran Bribery Claims

Statoil has accepted a 20mn Kroner fine by Økokrim (Norways National Authority for Investigation and Prosecution of Economic and Environmental Crime), which was imposed after an investigation into allegations of bribery relating to a contract between Statoil and Iranian-owned Horton Investment (MEES, 5 July). The company issued a statement on 14 October which...