By Ahmed Mousa Jiyad.

Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Below is the full Arabic text and source of what was reportedly said by Abdul Alal AL-Yassiry, the Chairman of the Iraqi Centre for Economic and Investment Consultation in Karbala.

What prompts me to write this commentary is only the inaccuracy of data and information he cited regarding SOMO. In other words I am not defending SOMO; its staff can and should defend themselves. Also, I am not discussing here the corruption issue, which undoubtedly and emphatically plaguing Iraq, particularly by the political parties and provincial councils; these can be discussed separately.

I will provide what he says then make my comment.

First; He says “SOMO sales 4 million barrels daily-4mbd”!

Official data does not support this assertion at all; oil exports by SOMO during the last ten years increased from 1.879 mbd during July 2008 to 3.543 mbd in July 2018. Hence, his figure is absolutely incorrect.

Second; He also says “SOMO sales oil to the companies at $10 discount of the bourse price; this is called commission”.

This is also incorrect for the following reasons;

  1. SOMO does not sale all its oil through bourse (stock exchange) or according to bourse prices; however, SOMO sold a few shipments, of 2 million barrels each, through Dubai Mercantile Exchange-DME auctions since April 2017;
  2. SOMO’s marketing procedure and modality is primarily based on annually arranged “Term Contract” and the monthly export price is decided by a ministerial committee using at least three pricing equations for the three major market destinations (North America, Europe and east Asia) with different marker crudes taking into consideration the quality of the crude (API) and, specifically, sulphur contents;
  3. I have been following SOMO for years and never observed such discounts or “commission” of $10 a barrel! Between January 2016 and June 2017 oil export price for a barrel ranged between $22.21 and $42.2; can anyone believe or imagen that SOMO gives 45% and 23.7% of its officially adopted and declared price that easy without causing devastating outcry against it and the Ministry of Oil!!!

Third; in his explanation or justification for this “commission” it “compensates loading loses and what is known vaporisation”

Actual loading of oil into the tanker is rather rigorous operation done in the presence of the “measurement committee” and after issuing at least 13 different certificates; then SOC/now Basra Oil Company-BOC submits all these certificates to SOMO before loading oil to the tanker takes place.

Nothing in these certificates refers to vaporisation that justifies such huge discount or commission. Moreover, neither oil chemistry nor different metering instruments support his claims.

Fourth; Then he asserts, “What is important, these companies came through the political parties”

According to Iraqi and international data the annual number of companies that buy Iraqi oil- international oil buyers-IOBs during the last 15 years ranges between 34 to 45 IOBs. Most of these IOBs are well known and many of them were also SOMO’ clients well prior to 2003.

Therefore, to claim that these IOBs came through the political parties is, apart from been erroneous, it elevates the international networking and impacts of these political parties, which is laughable, but, more seriously, accuse these IOBs with “collusion”, which renders him subject to legal action.

Moreover, all IEITI annual reports (prepared by different international specialised firms) provide, among others, reconciliation of oil export revenues paid by IOBs, received by SOMO and deposited in a New York bank, and provide explanation of any discrepancies over small “materiality threshold”. None of these reports provide any information supportive of his allegations.

Fifth; He alleged that, “the political parties take $2 a barrel from that commission while the companies keep the $8”

But he did not explain or tell:

  1. When, where and how this 2:8 split of the commission was agreed between all political parties and all IOBs;
  2. Was SOMO involved in that agreement?
  3. Oil exports occur through many shipments to each IOB for each year, so what are the modalities each political party uses to secure its share from the commission for each shipment?
  4. What are the modalities for actual payments from each IOB to each political party; to which banks these payments were transferred and deposited and what are the material evidences for such payments etc.?
  5. How come there was no discrepancy in distributing that commission as if all political parties and all IOBs work in perfect harmony!!

From and based on the above comments I conclude:

  1. His knowledge and understanding of oil export system need serious revision and improvement;
  2. Allegations he made are very serious indeed and without strong, emphatic evidence, he could face legal action by SOMO/Ministry of Oil, each political party and each IOB;
  3. As he is the chairman of a consulting centre, what he had said undermines, damage and tarnish the credibility, objectivity and professionalism of his centre.

Ahmed Mousa Jiyad,

Iraq/ Development Consultancy & Research,

Norway.

12 August 2018

—————–

11-08-2018  23:57  0  1102

اقتصادي عراقي :هكذا تستحصل احزاب السلطة بالعراق على الاموال

يرى رئيس المركز العراقي للاستشارات الاقتصادية والاستثمارية في كربلاء ان رواتب مجلس النواب ومجالس المحافظات لا تساوي جميعها  ارباح يوم واحد من الكومشن الذي تتقاضاها  احزاب السلطة  من البنك المركزي ووزارة النفط  مبينا  ان الانتخابات في ظل نفس الشخوص والرموز الحزبية والجهوية معناه بقاء كل شيء على ما هو عليه.

بين عبد العال الياسري لوكالة نون الخبرية بأمثلة والأرقام عن كمية المبالغ المستحصلة بطرق مختلفة بقوله ان  كل الاحزاب لديها مصارف اهلية وقد تقاسمت مبيعات البنك المركزي العراقي من الدولار حيث يباع يوميا من ١٥٠ الى ٢٠٠ مليون دولار بسعر ١١٨ الف دينار في حين وصل سعره بالسوق التجاريه الى معدل ١٢٧ الف وبعمليه حسابيه بسيطه فان معدل ارباحهم من ٥ الى ٨ مليون دولار يوميا!!! اي ١٥٠ مليون دولار شهريا ولا يقل عن ٥٠٠ مليون سنويا وبدون اي تعب فقط فواتير مزوره” , فضلا عن المنافذ الحدوديه وسيطره الصفره.

وأضاف مثلا اخر وهي شركة سومو النفط والتي تبيع يوميا ٤ مليون برميل نقط للشركات حسب سعر البورصه ناقص ١٠ دولار هو مايطلق عليه الكومشين هو مبلغ يعطى للشركات كتعويض للضائعات اثناء التحميل وما يعرف بالتبخر.المهم هذه الشركات جاءت عن طريق احزاب السلطه وهي تستوفي دولارين من الكومشن من تلك الشركات وهي تعطيها بكل سرور لانها رابحه ٨ دولارات وبحسبه بسيطه ٢٤ مليون برميل =٨ مليون دولار أرباح الاحزاب الحاكمه.

واختتم الياسري الذي كان يشغل منصب رئيس مجلس محافظة كربلاء سابقا حديثه ان من يعتقد ان مجالس المحافظات هي الممول للأحزاب الحاكمة فهو غير مدرك للامور فما تصرفه تلك المجالس ليست سوى نقطه في بحر ما تدره العاصمة لتلك الأحزاب“.

اسامة الخفاجي

http://www.non14.net/102748/

Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.

Germany’s Siemens will upgrade one of the country’s largest gas-fired power plants.

Under a new contract, Siemens will add 650 megawatts (MW) to Shatt Al Basra Gas Power Plant, which currently has a power generation capacity of 1,250 MW and consists of non-Siemens turbines operating in simple-cycle mode.

Siemens will supply five of its highly-efficient steam turbines, ensuring the additional power supply comes at no extra fuel requirement. With this upgrade, the facility will be converted to operating in combined cycle mode and its overall efficiency will increase to more than 50 percent. Once the works are completed, the power plant will supply around one million Iraqis with reliable and clean electricity.

Siemens was awarded the contract by China Machinery Engineering Corporation (CMEC). The developer of the project is KAR Electrical Power Production Trading FZE (KEPPT).

Earlier this year, Siemens was contracted to supply two of its robust SST-5000 steam turbines to a similar project in Rumaila in Iraq, making it the first large-scale open cycle conversion project in the country. The upgrade works for both the Rumaila and the Shatt Al Basra power plants are scheduled for completion by 2020.

Jean-Claude Nasr (pictured), Senior Executive Vice President, Power Generation at Siemens in the Middle East, said:

“Iraq is rebuilding its power infrastructure and we are eager to support the country’s future aspirations. A reliable and efficient power supply is the backbone of a prosperous economy and today’s announcement underscores an important step towards realizing Iraq’s aspirations towards building a robust power system and a sustainable economy for its people.”

Siemens recently received an order to modernize the Rumaila gas-fired power plant in Iraq, adding 700 MW to the plant. The scope of supply includes two SST-5000 steam turbines.

From energy supply and industry to financing and training, Siemens outlined its roadmap and commitment to supporting the development of Iraq in February at the Iraq reconstruction conference held in Kuwait.

The roadmap identified the country’s short, mid and long-term development needs. It focused on key areas including energy management, resource efficiency, education, anti-corruption and financing. It detailed how Siemens can support the country’s transformation. Siemens envisions 40 million Iraqis living in vibrant cities, powered by reliable and efficient energy; a strong industrial sector and sustainable economic development, led by world-class, home-grown talent.

(Source: Siemens)

US report details details of secret Iranian banking networks in Iraq
8/12/2018

A US report details Iran’s covert funding networks in Iraq and its role in destroying the country’s economy .

The report, broadcast by US-based al-Hurra, highlighted hundreds of millions of dollars of money transfers by small money-changers in Iraq and other countries under bank and commercial cover to fund the Quds Force, Hezbollah and other terrorist organizations.

He explains how Iran uses its financial arms, such as the Lebanon branch of Al Bilad, to hand over its remittances to its allies.

"The US Treasury Department has identified two crimes, the first of which is money laundering, and the second is that these funds are not washed for the sale of infant formula but to the Quds Force and the Revolutionary Guard," said Iraqi politician Antifad Qanbar.

On May 10, the US Treasury Department imposed sanctions on individuals, companies and banks in Iran, Iraq and the United Arab Emirates and was accused of involvement in funding the operations of the Quds Force of the Iranian Revolutionary Guard and Hezbollah of transferring hundreds of millions of dollars through a network of exchange shops owned by Iranians and Iraqis, Crooked, under bank and commercial cover.

"The uncertainty surrounding the Iraqi financial sector was not the result of that moment, it was always the cash operations. Cash operations and financial networks associated with corruption and money laundering were often questioned as Iraq dropped the money laundering index to the 208 index not far from Iran Which overshadows the global list. "

"There are many question marks about the economy in Iraq, some of them related to corruption, as well as Iranian influence," said John Sullivan, a former US Treasury envoy to Baghdad.

"There are private banks with significant transactions, contacts and banking ties with Iran," said Dia Khayoun, an adviser to the former finance ministry in the Iraqi government.

"Iran uses informal methods and coverings that are not in place in international banks," he said.

The decision by the US Treasury Department to highlight the work of the Iraqi financial sector has fueled suspicions of corruption that has made it a haven for many illegal activities and a source of abundant funds shared by many parties such as Da’ash, Hezbollah and the Iranian Quds Force.

"When we talk about the secret dealings of the Iranian Revolutionary Guards and the channels of secret funds that go from Iraq to Hezbollah in Lebanon and other terrorist organizations, Iraqi banks have to rethink their real duties," Sullivan said.

"The Islamic Bank of Iraq, run by Aaras Habib al-Fili, has exploited the political influence of entering the Iraqi banking sector and taking a cover to manage the cash operations associated with the Iranian Revolutionary Guard," the report said.

"Al-Bilad Bank has one branch outside Iraq located in the Lebanese capital of Beirut, and it will not need more than that window to deliver the monthly expenses of the Lebanese Hezbollah and finance its terrorist operations," the report said.

The report notes that "the direct funding Hezbollah receives from Iran has nearly doubled in the past 10 years," according to recent US reports.


"Al-Bilad Islamic Bank believes in 20 percent of any corruption deal in Iraq to Iran," said Qanbar, who was previously close to Ares Habib.

"The Iranian regime protects corruption in Iraq because corruption is an inexhaustible source of money for him," he said.

The report said that "the Central Bank of Iraq sells between 150 – 200 million dollars a day in the auction currency, and the objective of the auction is to secure cash for government spending in the local markets there is no country like Iraq is conducting a similar procedure and the reason is the entry of a huge cash mass to Iraq On the day this measure has become a subject of considerable criticism and raised a lot of doubts because it is a window exploited by parties inside and outside Iraq. "

"It is clear that the main threat to national security is no longer an advocate and terrorist organizations, but corruption, and the roles played by some countries," Sullivan said.

The report notes that "Iran has worked over the past years to turn Iraq into a strategic surplus of cash is recycled through multiple channels of financial corruption takes money from the contracts of fictitious projects, and pensions of thousands of fictitious employees thefts and bribes and kidnappings and extortion

Add financial market transactions and auction The money is laundering these funds and turning them into beneficiaries through banks, financial institutions and banking offices linked to the financial and intelligence network of the Iranian Quds Force. "

http://sumer.news/ar/news/29133/%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D8%A7%D9%85%D8%B1%D9%8A%D9%83%D9%8A-%D9%8A%D8%B3%D8%B1%D8%AF-%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%B9%D9%86-%D8%B4%D8%A8%D9%83%D8%A7%D8%AA-%D8%B5%D9%8A%D8%B1%D9%81%D8%A9-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86%D9%8A%D8%A9-%D8%B3%D8%B1%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82

Iraq and America discuss prosecution role in fighting corruption

8/6/2018

BAGHDAD / Al-Sabah
Prosecution chief Mowaffaq al-Obeidi discussed with a delegation of the US embassy in Iraq the role of the prosecution in the fight against corruption, while the Diyala Criminal Court sentenced to death by hanging to death a terrorist who was convicted of killing 19 people in a village in the province.

"The head of public prosecution received a delegation from the US Embassy in Iraq," the spokesman of the Supreme Judicial Council, Judge Abdul Sattar Birqdar, said in a statement. "The delegation included the US Attorney General’s annexation, Basset, and the second secretary of human rights at the Office of Political Affairs, .

"The two sides discussed during the meeting the role of the prosecution, especially with regard to human rights issues in the country, as well as the issues of terrorism and its role in the fight against corruption," Berkdar said.

On the other hand, the Criminal Court of Diyala sentenced to death by hanging to death a terrorist who was convicted of killing 19 people in an attack with an armed group on a village in the province.

"The first body of the Diyala Criminal Court sentenced to death one of those convicted of terrorism after committing criminal acts and belonging to the al-Qaeda terrorist organization," Berkdar said in another statement.

http://www.alsabaah.iq/ArticleShow.aspx?ID=161233

Abadi: The biggest corruption is the waste of public money

8/5/2018

In the implementation of 02 Khaddmaa a resolution to the province of Babylon ,
Baghdad / Sabah
stepped up the prime minister, Haider al – Abadi, his efforts to provide services and basic needs for the people of the areas that are its children called for the need to provide services Following a meeting with families of a number of provinces of the south and the Middle Euphrates recently, yesterday discussed with the elders and the elders and the people of Babel, the most needs service, and while the immediate response to the implementation of 20 service decisions for the people of the province, he stressed the development of plans and strategies for construction and reconstruction.

This comes at a time when the government media cell announced on Saturday, the end of the sit-in district of Husseiniya north of Baghdad after the response of the Prime Minister to the demands of its people, while the governor of Baghdad Atwan al-Atwani the availability of 4,000 degrees of functional capital resulting from the movement of owners for the year 2016 and pending the approval of the Ministry of Finance To launch its allotments to initiate the recruitment process.

A statement from the Prime Minister’s Office, received by the "morning" that "Abadi received on Saturday a delegation of elders and dignitaries and parents and the government of the province of Babylon, local presence of the Committee on Services and reconstruction in the provinces and a number of officials."

Abadi said that our country has good and fair distribution and that the duty of the state is to take care of everyone. After we announced the military victory a few months ago, we started the work of construction and reconstruction and services and we put in place the necessary plans and strategies, indicating that the biggest corruption is the waste of public money.

The Prime Minister said: "We will achieve a new achievement in reconstruction, construction, services and employment opportunities in our cooperation, we are in one boat, indicating that the anger comes for the correction," saying: "We are with the demands of popular and peaceful and respond to them through real and medium and strategic solutions."

The Prime Minister, in the light of what was presented during the meeting, the following:
1 – Completion of the allocations of the strategic bridge Btah and funding the appropriate amount for this year and ensure the allocation for the next year with the possibility of building an alternative bridge to build military engineering quickly to avoid the large congestion caused by this bridge.

2 – The issue of the announcement of the project of Hilla large streams, which was voted in the Council of Ministers and within the allocations of the British loan.

3 – Completion of the five strategic water projects as one of the ministerial projects, some of which reached 90 percent (Al-Hashimiya Water Project, Al-Mahaweel Water Project, Abi Gharq Water Project, Al-Musayyab Water Project, Al-Kefal Water Project).

4 – Declaration of grades resulting from the movement of owners of all departments of the province according to the population ratios of each administrative unit.

5 – Supply the province of Babylon electric power on the basis of the population ratio of the people of the province as well as the province of the first industrial and review the subject of collection and maintenance and the Ministry of Electricity to address the problems of fluctuation of processing areas of Musayyib, Alexandria,

http://www.alsabaah.iq/ArticleShow.aspx?ID=161200

Abadi: The biggest corruption is the waste of public money

8/5/2018

In the implementation of 02 Khaddmaa a resolution to the province of Babylon ,
Baghdad / Sabah
stepped up the prime minister, Haider al – Abadi, his efforts to provide services and basic needs for the people of the areas that are its children called for the need to provide services Following a meeting with families of a number of provinces of the south and the Middle Euphrates recently, yesterday discussed with the elders and the elders and the people of Babel, the most needs service, and while the immediate response to the implementation of 20 service decisions for the people of the province, he stressed the development of plans and strategies for construction and reconstruction.

This comes at a time when the government media cell announced on Saturday, the end of the sit-in district of Husseiniya north of Baghdad after the response of the Prime Minister to the demands of its people, while the governor of Baghdad Atwan al-Atwani the availability of 4,000 degrees of functional capital resulting from the movement of owners for the year 2016 and pending the approval of the Ministry of Finance To launch its allotments to initiate the recruitment process.

A statement from the Prime Minister’s Office, received by the "morning" that "Abadi received on Saturday a delegation of elders and dignitaries and parents and the government of the province of Babylon, local presence of the Committee on Services and reconstruction in the provinces and a number of officials."

Abadi said that our country has good and fair distribution and that the duty of the state is to take care of everyone. After we announced the military victory a few months ago, we started the work of construction and reconstruction and services and we put in place the necessary plans and strategies, indicating that the biggest corruption is the waste of public money.

The Prime Minister said: "We will achieve a new achievement in reconstruction, construction, services and employment opportunities in our cooperation, we are in one boat, indicating that the anger comes for the correction," saying: "We are with the demands of popular and peaceful and respond to them through real and medium and strategic solutions."

The Prime Minister, in the light of what was presented during the meeting, the following:
1 – Completion of the allocations of the strategic bridge Btah and funding the appropriate amount for this year and ensure the allocation for the next year with the possibility of building an alternative bridge to build military engineering quickly to avoid the large congestion caused by this bridge.

2 – The issue of the announcement of the project of Hilla large streams, which was voted in the Council of Ministers and within the allocations of the British loan.

3 – Completion of the five strategic water projects as one of the ministerial projects, some of which reached 90 percent (Al-Hashimiya Water Project, Al-Mahaweel Water Project, Abi Gharq Water Project, Al-Musayyab Water Project, Al-Kefal Water Project).

4 – Declaration of grades resulting from the movement of owners of all departments of the province according to the population ratios of each administrative unit.

5 – Supply the province of Babylon electric power on the basis of the population ratio of the people of the province as well as the province of the first industrial and review the subject of collection and maintenance and the Ministry of Electricity to address the problems of fluctuation of processing areas of Musayyib, Alexandria,

http://www.alsabaah.iq/ArticleShow.aspx?ID=161200

Abadi: The biggest corruption is the waste of public money

8/5/2018

In the implementation of 02 Khaddmaa a resolution to the province of Babylon ,
Baghdad / Sabah
stepped up the prime minister, Haider al – Abadi, his efforts to provide services and basic needs for the people of the areas that are its children called for the need to provide services Following a meeting with families of a number of provinces of the south and the Middle Euphrates recently, yesterday discussed with the elders and the elders and the people of Babel, the most needs service, and while the immediate response to the implementation of 20 service decisions for the people of the province, he stressed the development of plans and strategies for construction and reconstruction.

This comes at a time when the government media cell announced on Saturday, the end of the sit-in district of Husseiniya north of Baghdad after the response of the Prime Minister to the demands of its people, while the governor of Baghdad Atwan al-Atwani the availability of 4,000 degrees of functional capital resulting from the movement of owners for the year 2016 and pending the approval of the Ministry of Finance To launch its allotments to initiate the recruitment process.

A statement from the Prime Minister’s Office, received by the "morning" that "Abadi received on Saturday a delegation of elders and dignitaries and parents and the government of the province of Babylon, local presence of the Committee on Services and reconstruction in the provinces and a number of officials."

Abadi said that our country has good and fair distribution and that the duty of the state is to take care of everyone. After we announced the military victory a few months ago, we started the work of construction and reconstruction and services and we put in place the necessary plans and strategies, indicating that the biggest corruption is the waste of public money.

The Prime Minister said: "We will achieve a new achievement in reconstruction, construction, services and employment opportunities in our cooperation, we are in one boat, indicating that the anger comes for the correction," saying: "We are with the demands of popular and peaceful and respond to them through real and medium and strategic solutions."

The Prime Minister, in the light of what was presented during the meeting, the following:
1 – Completion of the allocations of the strategic bridge Btah and funding the appropriate amount for this year and ensure the allocation for the next year with the possibility of building an alternative bridge to build military engineering quickly to avoid the large congestion caused by this bridge.

2 – The issue of the announcement of the project of Hilla large streams, which was voted in the Council of Ministers and within the allocations of the British loan.

3 – Completion of the five strategic water projects as one of the ministerial projects, some of which reached 90 percent (Al-Hashimiya Water Project, Al-Mahaweel Water Project, Abi Gharq Water Project, Al-Musayyab Water Project, Al-Kefal Water Project).

4 – Declaration of grades resulting from the movement of owners of all departments of the province according to the population ratios of each administrative unit.

5 – Supply the province of Babylon electric power on the basis of the population ratio of the people of the province as well as the province of the first industrial and review the subject of collection and maintenance and the Ministry of Electricity to address the problems of fluctuation of processing areas of Musayyib, Alexandria,

http://www.alsabaah.iq/ArticleShow.aspx?ID=161200

Comprehend the Corruption Perception Index CPI to introduce meaningful Anti-Corruption Reforms

The United Nations Development Program UNDP, in partnership with the Iraqi Commission of Integrity, organized a workshop designed to discuss and provide an understanding on the data and methodologies used to rank countries on the Corruption Perception Index (CPI).

The Workshop organized jointly with the Transparency International (TI), and hosted by the Iraqi Anti-Corruption Academy bringing together for the first-time government officials with civil society representatives to meaningfully discuss the factors influencing the corruption perception in the public sector.

The Regional advisor for Arab States in Transparency International Ms. Kinda Hattar facilitated the very interactive discussion among the participants who acquired in-depth knowledge on the source of information, and the global surveys that feed into the CPI.

Moreover, the discussion led to recognize the institutional changes and reforms needed to introduce impactful results on combating and preventing corruption.

The workshop is a significant milestone towards building a partnership between the UNDP, TI, Iraqi Government and stakeholders to reinforce the government’s efforts in fighting corruption.

This workshop was followed by several high-level meetings with government officials to discuss practical action plans to sensitize relevant public institutions and civil society to fight corruption.

UNDP through its FFER-Federal Project has already deployed high-caliber international experts to support Anti-Corruption activities and to build the capacity of relevant government entities engaged in fighting corruption.

(Source: UNDP)

By John Lee.

UK-bassed pharmaceutical company AstraZeneca has said it is the subject of an anti-corruption investigation in the US relating to its activities in Iraq

In its latest quarterly filing with the Securities and Exchange Commission (SEC), the company said:

As previously disclosed, in the US, in October 2017, AstraZeneca and certain other pharmaceutical and/or medical device companies were named as defendants in a complaint filed in federal court in the District of Columbia by US nationals (or their estates, survivors, or heirs) who were killed or wounded in Iraq between 2005 and 2009 (the Lawsuit).

“The plaintiffs allege that the defendants violated the US Anti-Terrorism Act and various state laws by selling pharmaceuticals and medical supplies to the Iraqi Ministry of Health.

“In addition, AstraZeneca has received an inquiry from the US Department of Justice in connection with an anti-corruption investigation relating to activities in Iraq, including interactions with the Iraqi government and certain of the same matters alleged in the Lawsuit.

(Source: AstraZeneca)