Parliamentary integrity is investigating the corruption of licensing rounds: it has wasted $ 40 billion
10:30 - 05/02/2020
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Member of the Parliamentary Integrity Committee, Sabah Al-Okaili, confirmed on Wednesday that the management of the oil licensing rounds caused a waste of 40 billion dollars, indicating that it was wrong for [You must be registered and logged in to see this link.] produce 17 million barrels of oil.
Al-Okaili said in a statement to the "information", that "the committee in charge of investigating the issue of licensing rounds reached facts about the existence of waste of public money amounting to more than $ 40 billion," noting that "mismanagement and corruption prevented [You must be registered and logged in to see this link.] from reaching 17 million barrels." During 2017. ”
He pointed out that "many of the contracts concluded with companies not related to the oil field," stressing that his committee "will take legal steps to refer all corruption files."
The representative, Alia Nassif, had earlier called on the supervisory authorities to open an investigation at the highest levels in the fifth licensing round and the previous rounds and the electricity contracts and hold those involved accountable. Ended / 25h