The price of oil

Number 18293
Subject Oil
Source New Yorker
State
Year 2001
Publication Date July 9
Summary The New Yorker investigates a ten-year multibillion oil swap involving Kazakhstan, Iran and a subsidiary of the Mobil Corporation. The story reveals that Mobil possibly violated the Foreign Corrupt Practices Act by paying more than a billion of dollars to Russian companies in "unorthodox transactions." The report raises "questions about the company's decisions to enter deals that ultimately benefitted powerful figures in the region, including President Nursultan Nazarbayev, of Kazakhstan, and former Prime Minister Viktor Chernomyrdin, of Russia." The investigation exposes the involvement of James Giffin, an American and a trusted aide of the Kazakh president, and looks at the role that some western high-ranking officials played in the corrupted scheme.
Category General
Pages 18
Keywords Soviet Union;Russia;Kazakhstan;mafia;Iran;misappropriation of funds;corruption;foreign politics;Exxon Mobil;Vaeko Europe;Caspian Sea;politics
Related Links
Related Video
Ordering info Want to place an order? Email us or call us at 573-882-3364 (Stories are only available to members of IRE. For membership information, please refer to our membership page)