The British Petrofac is accused of corruption and money laundering on contracts with the Middle East. The oil engineering group is awaiting its sanction, which will be pronounced this week.

Petrofac, the company specializing in the design, construction and operation of energy infrastructure, particularly oil, risks 206 million francs in fines. The British oil engineering group Petrofac expected on Monday a court sanction which could go up to 240 million dollars for corruption on contracts in the Middle East involving nearly 3.7 billion dollars (more than 3.1 billion francs). The contracts concerned have a total value "of approximately $3.66 billion and bribes of approximately $44 million had been paid to guarantee their signature", detailed Friday Jonathan Kinnear, the representative of the SFO. at the hearing. Petrofac admitted to having "failed to prevent former employees from offering or executing payments" between 2011 and 2017 related to projects in Iraq, Saudi Arabia and the United Arab Emirates.