Another bogus contract in Iraq revealed
An Iraqi Swiss-based expert unveiled Saturday that the government of Prime Minister Nouri Al-Maliki has signed a $6 billion contract with a bogus company.
On October 10 al-Maliki announced that his government has signed the contract to build and operate a 150,000 barrels per day (bpd) oil refinery in the southern
with the Swiss company Satarem. province of Maysan
Iraqi engineer Muthna Kuba who works in
, however, said Satarem does not exist Switzerland
In a letter send to al-Malki and a copy of which sent to me, Kuba said he carried a thorough investigation in Switzerland about the company and could only find that it is run by a small law firm in Zug.
Iraq said the refinery is one of four new projects designed to increase refining capacity by around 740,000 bpd and revamp
“Today we sign a contract for an important investment project with the participation of the private sector, which will contribute towards filling the need of the country for oil products,” Reuters quoted al-Maliki as saying at the signing ceremony.