Tag Archives | Leighton

Unaoil joins Leighton in Denying Iraq Allegations

By John Lee. The Australian reports that the company at the centre of the Leighton Holdings bribery allegations has denied any involvement in corruption in Iraq, or having links to the Oil Minister and Prime Minister. Unaoil, which is based in Monaco, was alleged to have been paid kickbacks by Leighton to secure an oil […]

Leighton Shares Dive on Iraq Corruption Allegations

By John Lee. Shares in the Australia’s Leighton Holdings, Australia’s biggest builder, fell more than 10 percent on Thursday following reports that former executives knew of alleged corruption at the company in Iraq. Leighton allegedly paid bribes to win contracts, and former chief executive officers Wal King and David Stewart were aware of the conduct, […]

Reef Subsea Wins Cable Deal

Reef Subsea Dredging and Excavation (D&E) has secured a number of substantial contracts in the Middle-East and Asia Pacific as the company continues to grow its global footprint. The Middle-East contracts will involve two teams from the company’s UK workforce managing subsea excavation work in Saudi Arabia and Iraq. The work in the Al Khafji […]

Leighton Looks to Move on from Iraq Scandal

By John Lee. Habtoor Leighton Group (HLG) chairman, Riad Al Sadik (pictured), has said Leighton’s name “became very, very bad in Iraq” in 2012 following the bribery scandal. “HLG was definitely affected,” he told The Australian. “It took us quite some time to clean this up.” The company sacked a senior manager last year as […]

Leighton Wins $200m Iraq Contract

By John Lee. Habtoor Leighton Group (HLG) has been awarded a sub-contract for the construction of infrastructure in Southern Iraq and is part of an engineering, procurement and construction project to deliver a central production facility. The Australian reports that the contract is valued at more than $200 million. HLG CEO and Managing Director Laurie […]

16 Firms Bid to Build $412m Grand Faw Breakwater

By John Lee. Sixteen companies have bid to build a 480 billion-dinar ($412 million) breakwater for Iraq’s Grand Fao [Grand Faw] port. Omran Radhi, director general of the State Company for Iraq’s Ports, told Bloomberg that the list of bidders includes: Hyundai Engineering & Construction; Daewoo Engineering & Construction; Dredging International; China Communications Construction Company; […]

Iraq picks Petrofac for $95m SPM Contract

Reuters reports that Petrofac has won a $95 million contract to carry out maintenance work for Iraq’s new offshore terminals and sub-sea pipelines at the Gulf. The contract involves maintenance work to ensure there are no leakages in the pipelines or any faults at the two new single point mooring (SPM) terminals that may delay […]