4 years ago103 views
Corruption in Iran-UAE Gas Agreement. What is today known as Crescent case was an agreement signed in 2001 between National Iranian Oil Company, NIOC and United Arab Emirates oil and gas company Crescent to sell the company gas. The case is now in International Hague Arbitration Tribunal for corruption. According to the signed contract, Iran was obligated to export sour gas from joint Iran-UAE oil and gas field, Salman to UAE for twenty five years. Iranian officials say that the incentive to sign the contract was signed not national interest but corruption and bribe. According to Iranian Judiciary some of the officials involved in this case have already been convicted of taking bribe in Iran’s criminal court.