UAE bribery costs mount for Petrofac


Issue 1122 - 18 Mar 2021 | 1 minute read

Abu Dhabi National Oil Company (Adnoc) has barred London Stock Exchange-listed Petrofac from competing for any new contracts. It acted in the wake of a bribery case brought by the United Kingdom’s Serious Fraud Office over the oilfield services firm’s past actions in the UAE.

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