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Chevron to Pay Fine for Paying Kickbacks to Saddam Hussein

HeadlineMay 08, 2007

The New York Times is reporting the U.S. oil company Chevron is preparing to pay up to $30 million in fines for illegally paying kickbacks to Saddam Hussein for access to Iraq’s oil before the U.S. invasion in 2003. The penalty, which is still being negotiated, would be the largest so far in the United States in connection with investigations of companies involved in the oil-for-food scandal. It appears Chevron began paying Iraq kickbacks in August 2000. At the time, Secretary of State Condoleezza Rice was a member of Chevron’s board and led its public policy committee, which oversaw areas of potential political concerns for the company.

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