VOL. XLVI

No 42

20-October-2003

IRAN

Iranian Officials Visit Statoil Headquarters To Probe Consultancy Deal

A group of Iranian Oil Ministry and Majlis (parliament) officials visited Statoils headquarters in Stavanger last week for discussions about a controversial consultancy deal between the Norwegian company and Iranian-owned Horton Investment. Allegations of corruption about the 10-year, $15.2mn contract, under which Statoil had paid $5.2mn before the deal was cancelled, led to the resignations...