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Kuwait Oil Company

Kuwait suspects corruption in $800 million Royal Dutch Shell contract

Screen Shot 2014-04-07 at 00.46.28Seems to me that the Kuwait government is being very diplomatic and the word “corruption” should be substituted for “irregularities.” In my experience, despite pledges to the contrary in its sham ethical code, Shell senior management is content to turn a blind eye to corruption. Lets face it, the entire Royal Dutch Shell Group was built on illegal activity, including oil price fixing.

By John Donovan

A question of possible “irregularities” seem to have arisen in relation to an $800 million service contract awarded to Shell by  the state owned Kuwait Oil Company.

Extracts from a report filed by the Kuwait News Agency:

Minister of Oil Ali Al-Omair underlined that the government will not condone or cover up any irregularities in petroleum sector deals and it will take all necessary action to protect public funds. Since its signature in February 2010, the five-year contract with Shell was the subject of much debate in Kuwait. The former parliament had formed a special committee to probe procedures leading to the awarding of the enhanced technical services agreement to Shell. The contract was awarded to Shell to help Kuwait develop its newly-discovered non-associated natural gas fields in the north of the country, after initial production hurdles. read more

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