10 Hrs
Source:
سيريانيوز
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Watchdog Finds Violations in Syrian Oil Deals
A report issued by the Central Inspection and Oversight Authority has revealed violations in contracts within the Syrian oil sector, with estimated financial damages exceeding $110 million. It has been found that the involved companies, including Folcon, valued at nearly $93 million, as well as Star Bertoza and Taziiz for Petroleum Services, are connected to businessman Hamed Al-Khalaf. The relevant authorities have taken precautionary measures, including freezing the assets of and detaining individuals linked to the case, as investigations continue into the conditions under which the contracts were awarded and the qualification procedures. There is also an ongoing review of previous contract files within the oil and energy sectors.
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