23 Hrs
Source:
الجزيرة نت
Controversy Over Syrian Petroleum
The article discusses the financial corruption crisis at the Syrian Petroleum Company, where widespread controversy has arisen over initial estimates of financial losses amounting to $110 million. These figures do not confirm any actual embezzlement to date but are considered potential damages currently under investigation. The company affirmed that the figure does not reflect stolen funds, and the contracts signed under exceptional circumstances during the recovery of oil facilities were conducted in accordance with approved legal procedures. The investigations do not confirm the presence of corruption or violations. Additionally, a statement by the company's president referring to "a herd" of citizens was condemned, and he later apologized. This comes amidst regulatory measures and arrests related to violations and misconduct in the oil sector in Deir Ezzor province, with estimated sums exceeding $28 million. **Conclusion:** The company emphasizes that the current figures are merely estimates during the investigation, and there is no concrete evidence of confirmed corruption at this stage, as investigations and regulatory procedures continue.
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