Statoil Corruption Case
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Statoil Corruption Case
The Statoil corruption case, also known as the Statoil-Horton case (Norwegian: Statoils Horton-sak) refers to Norwegian oil company Statoil’s misconduct and extensive use of bribery in Iran between 2002 and 2003, in an attempt to secure lucrative oil contracts for the company in that country. This was mainly achieved by hiring the services of Horton Investments, an Iranian consultancy firm owned by Mehdi Hashemi Rafsanjani, son of former Iranian President Hashemi Rafsanjani. Horton Investments was paid US$15.2 million by Statoil to influence important political figures in Iran to grant oil contracts to Statoil. The corruption scandal was uncovered by Norwegian paper ''Dagens Næringsliv'' on September 3, 2003. Although this case became infamous in the western media and Statoil was found guilty by the Norwegian courts, no verdict was reported by the Iranian media regarding Mehdi Hashemi Rafsanjani's bribery case. Verdict reached by the Norwegian court On June 29, 2004, Statoil w ...
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Norwegian Language
Norwegian ( no, norsk, links=no ) is a North Germanic language spoken mainly in Norway, where it is an official language. Along with Swedish and Danish, Norwegian forms a dialect continuum of more or less mutually intelligible local and regional varieties; some Norwegian and Swedish dialects, in particular, are very close. These Scandinavian languages, together with Faroese and Icelandic as well as some extinct languages, constitute the North Germanic languages. Faroese and Icelandic are not mutually intelligible with Norwegian in their spoken form because continental Scandinavian has diverged from them. While the two Germanic languages with the greatest numbers of speakers, English and German, have close similarities with Norwegian, neither is mutually intelligible with it. Norwegian is a descendant of Old Norse, the common language of the Germanic peoples living in Scandinavia during the Viking Age. Today there are two official forms of ''written'' Norwegian, (literally ...
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South Pars Gas Field
The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, IEA, World Energy Outlook 2008 - Chapter 12 - Natural gas resources and production prospects, p.298 with ownership of the field shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated of in-situ natural gas and some of natural gas condensates. On the list of natural gas fields it has almost as much recoverable reserves as all the other fields combined. It has significant geostrategic influence. This gas field covers an area of , of which (South Pars) is in Iranian territorial waters and (North Dome) is in Qatari territorial waters. Field geology The field is below the seabed at a water depth of , and consists of two independent gas-bearing formations: Kangan (Triassic) and Upper Dalan (Permian). Each formation is divided into two different reservoir layers, separated by imper ...
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Equinor
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy. The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo. The name ''Equinor'' was adopted in 2018 and is formed by combining ''equi'', the root for words such as ''equity'', ''equality'', and ''equilibrium'', and ...
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Trials In The United States
In law, a trial is a coming together of parties to a dispute, to present information (in the form of evidence) in a tribunal, a formal setting with the authority to adjudicate claims or disputes. One form of tribunal is a court. The tribunal, which may occur before a judge, jury, or other designated trier of fact, aims to achieve a resolution to their dispute. Types by finder of fact Where the trial is held before a group of members of the community, it is called a jury trial. Where the trial is held solely before a judge, it is called a bench trial. Hearings before administrative bodies may have many of the features of a trial before a court, but are typically not referred to as trials. An appeal (appellate proceeding) is also generally not deemed a trial, because such proceedings are usually restricted to a review of the evidence presented before the trial court, and do not permit the introduction of new evidence. Types by dispute Trials can also be divided by the type of d ...
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Trials In Norway
In law, a trial is a coming together of parties to a dispute, to present information (in the form of evidence) in a tribunal, a formal setting with the authority to adjudicate claims or disputes. One form of tribunal is a court. The tribunal, which may occur before a judge, jury, or other designated trier of fact, aims to achieve a resolution to their dispute. Types by finder of fact Where the trial is held before a group of members of the community, it is called a jury trial. Where the trial is held solely before a judge, it is called a bench trial. Hearings before administrative bodies may have many of the features of a trial before a court, but are typically not referred to as trials. An appeal (appellate proceeding) is also generally not deemed a trial, because such proceedings are usually restricted to a review of the evidence presented before the trial court, and do not permit the introduction of new evidence. Types by dispute Trials can also be divided by the type of d ...
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Helge Lund
Helge Lund (born 16 October 1962) is a Norwegian businessman who has been chairman of BP since January 2019, and chairman of the Danish healthcare company Novo Nordisk since 2018. He is the former chief executive officer (CEO) of BG Group, Statoil and Aker Kværner, and was a director of Schlumberger from June 2016 to April 2018. Early life Lund was born in Oslo, Norway, in 1962. He graduated in business management at the Norwegian School of Economics in Bergen. He has a Master of Business Administration (MBA) from the INSEAD business school in France. Career He started his career as a management consultant for McKinsey & Company and as political adviser for the Conservative Party in the Norwegian parliament Stortinget, before starting work for Hafslund Nycomed in 1993. In 1997-8 he was vice president in Nycomed Pharma before starting work in Aker RGI in 1999 as vice president before becoming CEO for Aker Kværner in 2002. After Olav Fjell withdrew as CEO of Statoil in 2004, ...
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Transparency International
Transparency International e.V. (TI) is a German registered association founded in 1993 by former employees of the World Bank. Based in Berlin, its nonprofit and non-governmental purpose is to take action to combat global corruption with civil societal anti-corruption measures and to prevent criminal activities arising from corruption. Its most notable publications include the Global Corruption Barometer and the Corruption Perceptions Index. Transparency International serves as an umbrella organization. From 1993 till today its members have grown from a few individuals to more than 100 national chapters which engage in fighting perceived corruption in their home countries. TI is a member of G20 Think Tanks, UNESCO Consultative Status, United Nations Global Compact, Sustainable Development Solutions Network and shares the goals of peace, justice, strong institutions and partnerships of the United Nations Sustainable Development Group (UNSDG). TI is a social partner of Global Al ...
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Jan Borgen
Jan, JaN or JAN may refer to: Acronyms * Jackson, Mississippi (Amtrak station), US, Amtrak station code JAN * Jackson-Evers International Airport, Mississippi, US, IATA code * Jabhat al-Nusra (JaN), a Syrian militant group * Japanese Article Number, a barcode standard compatible with EAN * Japanese Accepted Name, a Japanese nonproprietary drug name * Job Accommodation Network, US, for people with disabilities * ''Joint Army-Navy'', US standards for electronic color codes, etc. * ''Journal of Advanced Nursing'' Personal name * Jan (name), male variant of ''John'', female shortened form of ''Janet'' and ''Janice'' * Jan (Persian name), Persian word meaning 'life', 'soul', 'dear'; also used as a name * Ran (surname), romanized from Mandarin as Jan in Wade–Giles * Ján, Slovak name Other uses * January, as an abbreviation for the first month of the year in the Gregorian calendar * Jan (cards), a term in some card games when a player loses without taking any tricks or scoring a min ...
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Bribes
Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corrupt solicitation, acceptance, or transfer of value in exchange for official action." Gifts of money or other items of value which are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, is not bribery. Offering a discount or a refund to all purchasers is a legal rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost for electricity, when the rebate is available to other residential electric customers. However, giving a discount specifically to that employee to influence them to look favorably on the electric utility's rate increase applications would be conside ...
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Olav Fjell
Olav Fjell (born 28 June 1951) is a Norwegian businessperson. He was the chief executive officer (CEO) of Statoil from 1999 to 2003, and of Hurtigruten from 2007 to 2012. Career Fjell has a siv.øk. degree from the Norwegian School of Economics in 1975 as well as education from the Royal Norwegian Army. His career started as an accountant at Kongsberg Vaabenfabrik in 1975 where he stayed until 1987, by which time he had become vice president. He had a continual employment in Bergen Bank, Den norske Bank and finally as CEO of Postbanken until he was hired as CEO of Statoil in 1999. After quitting in Statoil in 2004 he worked as a strategic and financial adviser for First Securities. He was later chief executive of Lindorff from 2006 to 2007 and Hurtigruten from 2007 to 2012. He has also had a number of board positions, including chairman of NSB (Norwegian State Railways) from 2000 to 2003, in Eastern Drilling and Lindorff. He currently chairs of the boards of Statkraft and ...
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Dagens Næringsliv
''Dagens Næringsliv'' (Norwegian for "Today's Business"), commonly known as ''DN'', is a Norwegian newspaper specializing in business news. , it is the third-largest newspaper in Norway. Editor-in-chief is Janne Johannessen, who was appointed in december 2021, as the first female in this position. ''Dagens Næringsliv'' is owned by media conglomerate Norges Handels og Sjøfartstidende (NHST Media Group), which also owns DN Nye Medier, DN.no ''Tradewinds'', ''Upstream'', '' DagensIT'', '' Smartcom'', Nautisk Forlag, ''Intrafish'', '' Fiskaren'', '' Europower'' and ''Recharge''. The paper has correspondents in New York, Brussels, Stockholm, Phuket, Kristiansand, Stavanger, Bergen, Trondheim and Tromsø. Its main editorial offices are in Oslo. History and profile The paper was founded by Magnus Andersen in 1889. Originally named ''Norges Handels og Sjøfartstidende'' (''Norway's Trade and Seafaring Times''), it was renamed ''Dagens Næringsliv'' in 1987. The paper has a neolibe ...
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Leif Terje Løddesøl
Leif Terje Løddesøl (24 April 1935 – 18 November 2021) was a Norwegian businessperson. He was born in Oslo as a son of Aasulv Løddesøl (1896–1978) and Liv Marie Bjørlykke (1905–1994). He has been married twice. He graduated from the University of Oslo with the cand.jur. degree in 1960, and studied further, among others at the Hague Academy of International Law and the College of Europe in Brussels. After a period as deputy judge in Hardanger District Court he worked in the Ministry of Foreign Affairs from 1963 to 1966 and the Norwegian Shipowners' Association from 1966 to 1969. He was then the chief executive officer of ScanAustral from 1969 to 1973, Wilh. Wilhelmsen from 1973 to 1980 and Den norske Creditbank from 1980 to 1988. The bank became embroiled in hardships during a banking crisis (see among others the Black Monday 1987), and an employee also defrauded the bank. Løddesøl was removed as chief executive in 1988, but returned to the corporate executive tea ...
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